India's Responsive Industries up 13%; stock in overbought zone

Responsive Industries

22/06/2023 05:48

** Shares of polyvinyl chloride (PVC) products maker
Responsive Industries  RSPO.NS  rise as much as 13.04% to 192.85
rupees, hitting their highest level since April 5, 2022    
    ** Stock marks its sharpest intraday pct gain since Dec 27
    ** Share price above 50-day, 100-day and 200-day exponential
moving averages since April 19, suggesting a bullish trend
    ** RSPO's relative strength index above 70, indicating it is
overbought
    ** More than 649,000 shares change hands, 3.2x 30-day avg of
200,525 shares
    ** Stock up 45.6% YTD, as of last close


 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))