India's Vaishali Pharma hits record high on $73.9 mln order

Vaishali Pharma

28/02/2023 07:37

** Shares of Vaishali Pharma Ltd  VAIH.NS  rise as much as
6.1% to 193.75 rupees, a record high
    ** Pharmaceutical co receives $73.9 million antibiotics
order from overseas buyer, to be executed in 6 to 8 months
    ** Stock trading above 50-, 100- and 200-day moving simple
averages
    ** Relative strength index at 73.878, suggesting that stock
is overbought
    ** More than 617,285 shares change hands by 12:52 p.m. IST,
1.9x 30-day avg of 329,020 shares
    ** Stock up 31.7% so far this year, up to last close

($1 = 82.7100 Indian rupees)

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