India's Responsive Industries jumps on 'Vande Bharat' order win

Responsive Industries

28/08/2023 10:35

** Shares of Responsive Industries Ltd  RSPO.NS  rise as
much as 5.2% to 248 rupees, extending gains for the third
straight session
    ** Plastic products maker says it secured orders from Indian
railways for the 'Vande Bharat' project
    ** Stock trading above its 50-, 100-, and 200-day moving
averages since July 19, in bullish trend
    ** Relative strength index (RSI) above 70, indicating stock
is overbought
    ** Trading volume at ~1.1 mln shares, 1.5x the 30-day avg of
~753,300 shares as of 2:45 p.m. IST 
    ** Stock more-than-doubled so far this year


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