India's VST Tillers surges 9% on Dec sales surge

VST Tillers Tractors

02/01/2023 07:56

** Shares of VST Tillers Tractors  VST.NS  up as much as 9%
to 2400 rupees, best intraday pct gain since June 6, 2022 
    ** Agricultural machinery maker on Sunday reported Dec sales
of power tillers and tractors at 4559 units, an increase of
25.25% y/y
    ** Co shares trade above 50-day and 100-day moving averages
for the first time since Dec 22, but remain below 200-day moving
average 
    ** Over 51,150 shares change hands, 5.3x their 30-day moving
avg of 9,671 shares
    ** VST sees heaviest trading day in 21-consecutive sessions 
    ** Analysts are bullish on the stock with all 5 of 5
brokerages rating the stock "buy" or higher - Refinitiv Data
    ** Co stock fell 20.32% in 2022 after 2 consecutive years of
gaining 47.71% in 2021 and 71.52% in 2020
 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com; +91 9830427878))