India's Stove Kraft rises 4% on bulk deal

Stove Kraft

26/04/2023 05:24

** Shares of kitchen and home solutions firm Stove Kraft Ltd
 STOE.NS  rise as much as 3.8% to 392.90 rupees
    ** Emerging Business Fund bought 303,047 shares of STOE in a
bulk deal on Tuesday - stock exchange data
    ** Trade price for the deal was 373 rupees per share
    ** If trends hold, stock on track to advance for second
consecutive sessions
    ** About 150,000 shares change hands by 9:47 a.m. IST, vs
30-day avg of 391,777 shares - Refinitiv Data
    ** Moving Average Convergence Divergence (MACD) line of the
stock is over the signal line, suggesting bullish momentum

 (Reporting by Priya Sagar in Bengaluru)
 ((Priya.Sagar@thomsonreuters.com))