India's Supriya Lifescience slips on bulk deal

Supriya Lifescience

28/03/2023 09:38

** Shares of Supriya Lifescience Ltd  SPRL.NS  reverse early
gains, fall as much as 2% to 179.05 rupees
    ** Stock had risen 3.61% at open to 189.35, but fell through
the day
    ** Over 547,000 shares sold in a bulk deal by Dovetail India
Fund Class 6 Shares at 177.08 rupees apiece on Monday
    ** Sale at a 3.1% discount to Monday's close of 182.75
rupees
    ** Stock on track to fall in second straight session, if
losses hold
    ** Moving average convergence divergence (MACD) line below
signal line, indicating bearish bias
    ** Relative strength index slips below 30, suggesting it is
oversold
    ** Over 217,000 shares traded as of 1:42pm IST, 0.7X the
30-day average
    ** Stock rose 51.4% last year

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com;))