India's Skipper hits over 4-year peak on $310.8 mln order win

Skipper

30/12/2022 04:27

** Shares of transmission tower manufacturing co Skipper 
 SKIP.NS  rise as much as 6.28% to 148.90 rupees, their highest
level since August 2018
    ** Stock on track for a fifth consecutive session of gain
    ** Co says it has won order worth 25.70 billion Indian
rupees ($310.79 million) from Bharat Sanchar Nigam Ltd
     ** SKIP relative strength index (RSI) is above 70,
indicating that it is overbought
    ** Share price is above the 50-day, 100-day and 200-day
exponential moving average, suggesting bullish trend
    ** More than 975,000 shares change hands by 9:37 a.m. IST vs
30-day avg of 1 mln shares 
    ** Stock up 77.79% YTD, as of last close
($1 = 82.6930 Indian rupees)
 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))