India's Tata Metaliks rises on Morgan Stanley block deal

Tata Metaliks

17/01/2023 04:18

** Shares of Tata Metaliks  TMET.NS  rise as much as 2.8% at
857.70 rupees - highest since Sept 16, 2022
    ** 198,417 shares of co bought by Morgan Stanley Asia
Singapore PTE in one block deal at 834.67 rupees per share 
    ** Co due to report its Q3 results later in the day 
    ** Stock has been above its 50-day, 100-day, and 200-day
simple moving avgs since Dec 28, indicating bullish sentiment
    ** More than 90,142 shares traded as of 09:32 a.m. IST, 0.8X
times their 30-day moving avg 118,510
    ** Stock fell 4.66% in 2022 after gaining 37.86% in 2021
 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com; +91 9830427878))