India's Tips Industries rises 6% after fixing stock split record date

Tips Music

03/04/2023 08:58

** Shares of Tips Industries Ltd  TIPS.NS  rise as much as
6% to 1,547.35 rupees, their biggest intraday pct gain since
March 21
    ** The media co on Monday says it has fixed April 21 as the
record date to determine the eligibility of shareholders for a
10-for-1 stock split
    ** Shares on track to rise for third consecutive session, if
gains hold
    ** Stock trading below its 50-, 100-, and 200-day moving
averages
    ** Moving average convergence divergence (MACD) line is
slightly over the signal line, suggesting bullish bias
    ** About 4,800 shares change hands, 0.7x the 30-day avg of
6,945 shares - Refinitiv Data
    ** Stock down over 17% so far this year, as of last close


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