India's Rainbow Children's Medicare hits record high

Rainbow Childrens Medicare

28/12/2023 09:22

** Shares of Rainbow Children's Medicare  RAIB.NS  rise 7.1%
to record high of 1215.90 rupees in above-avg volume
    ** Stock last up 4.4%, set for best one-day gain since Aug
and extending its rally to fifth consecutive session
    ** Reuters could not immediately confirm a reason for the
stock move
    ** Over 520,000 shares traded in stock's busiest day in a
month
    ** RAIB shares trading above their 50-, 100 and 200-day
moving averages since mid Nov
    ** Stock up 10.5% in Dec, with on-going three-month rally
taking YTD gains to ~60%

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))