India's Shalby jumps 8% on signing franchise deal

Shalby

28/06/2023 05:31

** Shares of multi-specialty hospital chain operator Shalby
 SHAY.NS  rise as much as 8.03% to 181 rupees, hitting highest
level since Oct. 11, 2021
    ** Co signs agreement with Divine Super Specialty Hospital
in Ranchi to set up "franchise‐owned Shalby‐managed" hospital in
the region
    ** Share price above 50-day, 100-day and 200-day simple
moving averages, suggesting bullish trend
    ** SHAY's relative strength index above 70, indicating it is
overbought
    ** More than 702,000 shares traded by 9:52 a.m. IST, 2.2x
the 30-day avg
    ** Stock up 11.1% YTD, as of last close


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