India's Rossari Biotech up nearly 8% to hit 6-mth high

Rossari Biotech

05/06/2023 05:37

** Shares of specialty chemicals co Rossari Biotech Ltd
 ROSB.NS  rise as much as 7.78% to 819.90 rupees, hitting
highest level since Dec. 5, 2022
    ** Stock on track for a third consecutive session of gain if
trends hold
    ** Share price above 50-day, 100-day and 200-day simple
moving averages, suggesting bullish trend
    ** ROSB's relative strength index above 70, indicating it is
overbought
    ** More than 923,000 shares change hands by 9:57 a.m. IST,
7.2x 30-day avg of 127,650 shares
    ** Three analysts covering the stock have a "buy", "strong
buy" and "hold" rating; median PT is 780 rupees - Refinitiv data
    ** Stock up 4.6% YTD, as of last close


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