India's S Chand and Company jumps on nod for stake in edtech biz

S Chand and

17/03/2023 05:55

** Shares of book publisher S Chand and Company Ltd
 SCHA.NS  rise as much as 8.02% to 228.85 rupees
    ** Stock set for highest gain in last five sessions if gains
hold
    ** SCHA approves investment upto 30 mln rupees ($363,755.41)
to acquire minority stake in an educational technology business
    ** More than 273,000 shares change hands by 11:00 a.m. IST,
1x the 30-day avg
    ** Relative strength index (RSI) above 70, suggesting stock
is overbought
    ** SCHA's moving average convergence divergence (MACD) above
signal line, indicating bullish momentum
    ** Stock up 22.1% this year as of last close, up ~58.30% in
2022

($1 = 82.4730 Indian rupees)

 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com))