India's Viviana Power Tech hits record high after order win

Viviana Power Tech

24/04/2023 08:17

** Shares of Viviana Power Tech Ltd  VIVP.NS  jump 10% to
record high 127.05 rupees in above-avg vol
    ** The power company bags order worth 130.6 mln rupees ($1.6
mln) from existing client Waaree Renewable Technologies
    ** ~196,000 shares traded by 12:30 p.m. IST, already stock's
5th most active day since Sept 2022 IPO
        ** Stock trades above its 50- and 100-day moving avg for
12th straight day
    ** MACD line is over the signal line, suggesting bullish
momentum; RSI line is marginally over upper limit of 70,
indicating stock is overbought
    ** Order wins have helped powered the stock ~86% higher in
Apr so far, which has helped stock swing to YTD gains of ~40%
 
 ($1 = 82.0260 Indian rupees)

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