India's Satin Creditcare shoots to 5-mth high on Q4 earnings jump

Satin Creditcare Network

02/05/2023 06:46

** Shares of Satin Creditcare Network Ltd  SATR.NS  jumped
20% to a five-month high of 173.30 rupees
    ** The NBFC posts a 73.3% y/y rise in consolidated net
profit in the March quarter, while rev advances over 20%
    ** Stock set for its biggest one-day gain since Dec 5
    ** Stock is most active since Jan 23, with trading volume as
of 11:10 a.m. IST nearly 12x the 30-day avg
    ** The relative strength index is at 79, suggesting the
stock may be overbought

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))