India's V-Guard Industries hits 52-wk high in six-day rally

V Guard Industries

15/12/2022 04:41

** V-Guard Industries Ltd's shares  VGUA.NS  rise for sixth
straight session and hits 273 rupees, highest since Oct. 4, 2021
    ** Stock last up 0.6%, taking its gains to a little over 9%
in past six session, its best such rally since late May
    ** Trading volumes seems to be tapering, with current vol of
~175k shares comparing with ~800k avg in previous 5 days
    ** Electronic products maker's stock remains above its
50-day simple moving avg since it broke above at start of
mini-rally
    ** Rally takes stock's YTD gains to ~22%, a little above the
~19% gain in 2021 (which came after 3 straight years of losses)
 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com))