India's Somany Ceramics jumps after PGIM Mutual Fund buys shares

Somany Ceramics

05/01/2023 05:31

** Shares of Somany Ceramics  SOCE.NS  rise as much as 7.2%
to 518.80 rupees, their highest level since Dec. 13
    ** Stock on track for a second consecutive session of gain
    ** PGIM Mutual Fund bought 3,07,000 shares of co on
Wednesday at 499.03 rupees per share
    ** Stock's moving average convergence divergence (MACD) line
seen above the signal line since Jan. 3, 2023, indicating
bullish bias
    ** More than 97,000 shares change hands by 10:35 a.m. IST,
1.4x 30-day avg of 70,587 shares
    ** 15 of the 17 analysts covering the stock have a "buy" or
"strong buy" rating, 1 has "hold" while 1 rates it at "sell;"
median PT is 722 rupees - Refinitiv data
    ** Stock fell 44.16% last year
 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))