RattanIndia Enterprises hits 2-month high on launch of clothing brands

Rattanindia Enterprises

19/04/2023 05:43

** Shares of RattanIndia Enterprises Ltd  RTNI.NS  rise as
much as 7.5% to 41.50 rupees, hitting their highest since Feb.
15
    ** Shares post sharpest intraday pct gain since April 5
    ** Co says it launched direct-to-consumer apparel fashion
brands in its unit Neobrands
    ** Stock trading below above its 50-day moving average
    ** Moving Average Convergence Divergence (MACD) line above
signal line suggesting bullish momentum
    ** More than 1.9 mln shares change hands by 9:48 a.m. IST,
1.6x the 30-day avg
    ** Stock down 8.8% so far this year, up to last close


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