India's Shree Digvijay Cement climbs on Q4 profit surge

Shree Digvijay Cement

27/04/2023 10:06

** Shares of Shree Digvijay Cement Co  SRDC.NS  rise as much
as 8.6% to 75.2 rupees, biggest intraday pct gain since Dec. 26
    ** Co's Q4 consolidated net profit rises ~90% to 244.3 mln
rupees ($2.99 mln) aided by improved plant performance and
keeping costs under control
    ** Co's consol revenue from operations rose to 1.95 bln
rupees
    ** Stock trading above its 50-, 100-, and 200-day
exponential moving averages
    ** Stock's relative strength index above 70, indicating it
may be overbought
    ** Trading volume at ~1.8 mln shares, eight times the 30-day
average as of 2:15 p.m. IST
    ** Up to last close, stock was down 3.2% so far this year

($1 = 81.6825 Indian rupees)

 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))