India's SoftTech surges on securing deal to deliver tech service to YIT

SoftTech Engineers

20/04/2023 10:45

** Shares of SoftTech Engineers Ltd  SOTF.NS  rise as much
as 19.8% to 187.95 rupees, marking their sharpest intraday pct
gain since August 2019
    ** Shares hit an over two-month peak
    ** IT and software services co secures deal to deliver
technology service and drive digitalization for YIT, a European
conglomerate, in partnership with Tech Mahindra Ltd  TEML.NS 
    ** Stock above its 50-, 100-, and 200-day moving averages
    ** Moving Average Convergence Divergence (MACD) line above
the signal line, suggesting bullish momentum
    ** More than 93,760 shares change hands by 2:58 p.m. IST,
31.3x the 30-day avg of 2,999 shares
    ** Stock last up 5.7%, extending year to date gains to 14.8%


 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))