India's Procter & Gamble Health jumps most in over 3 1/2 yrs after Q3 profit rise

Procter & Gamble Health

06/02/2023 07:36

** Shares of Procter & Gamble Health  PROR.NS  rise as much
as 15.6% to 4,743 rupees, mark sharpest intraday pct gain since
May 17, 2019
    ** Stock hits highest level since Feb. 17, 2022; on track
for a second consecutive session of gain
    ** Co on Sunday reported 71.3% Y/Y rise in Q3 net profit and
11.5% rev growth; declared interim dividend of 45 rupees per shr
    ** PROR's relative strength index (RSI) is above 70,
indicating that it is overbought
    ** Share price is above the 50-day, 100-day and 200-day
exponential moving average, suggesting bullish trend
    ** Stock is witnessing its most active trading session in
over 2 yrs since Sept. 18, 2020
    ** More than 103,000 shares change hands by 12:42 p.m. IST,
13.7x 30-day avg of 7,555 shares
    ** One analyst covering the stock has a "buy" rating; median
PT is 5,235 rupees - Refinitiv data
    ** Stock fell ~26% in 2022
 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))