India's PNB Gilts hits near 11-month high after RBI permits forex dealing

PNB Gilts

20/07/2023 06:06

** Shares of PNB Gilts Ltd  PNBG.NS  rise as much as 5.6% to
71.5 rupees, highest since Aug. 24, 2022
    ** Non-banking financial firm on Wednesday said RBI has
authorized the company as an "Authorized Dealer - Category III"
allowing it to offer all foreign exchange market-making
facilities to users 
    ** Stock trading above its 50-, 100-, and 200-day moving
averages since July 6
    ** Relative strength index (RSI) above 70, indicating stock
is overbought
    ** Trading volume at ~1.4 mln shares, 5x the 30-day avg of
~285,400 shares as of 10:05 a.m. IST 
    ** Stock last up ~10% this year


 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))