India's TV18 Broadcast jumps to over 3-month high

TV18 Broadcast

14/12/2022 09:40

** Shares of news broadcast company TV18 Broadcast  TVEB.NS 
rise as much as 8.59% to 43 rupees, highest since Sept. 9
    ** Stock on track for a second consecutive session of gain
    ** Moving Average Convergence Divergence (MACD) line above
signal line since Nov. 4, indicating bullish bias
    ** More than 38.9 mln shares change hands by 2:57 p.m. IST,
4.4x 30-day avg of 8.8 mln shares
    ** 1 analyst covering the stock has "strong sell" rating;
median PT is 26 rupees - Refinitiv data
    ** Stock down 11.71% YTD, as of last close
 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))