India's TVS Srichakra rises on launching superbike tyres

TVS Srichakra

17/04/2023 07:34

** Shares of TVS Srichakra Ltd  TVSC.NS  rise as much as
2.9% to 2,837 rupees
    ** The tyre maker said on Friday its brand TVS Eurogrip
forays into superbike and adventure touring tyre segments
    ** Stock crosses its 50-day moving average while it
continues to stay above its 200-day moving average
    ** Moving Average Convergence Divergence (MACD) line
continues to stay above the signal line since April 3,
suggesting bullish momentum
    ** More than 5,590 shares change hands by 11:47 p.m. IST,
0.7x 30-day avg of shares
    ** Stock down 10.6% so far this year, up to last close

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((Dimpal.Gulwani@thomsonreuters.com;))