India's Wonderla Holidays hits record high after nod for new project

Wonderla Holidays

25/10/2023 05:55

** Shares of amusement parks and resorts operator Wonderla
Holidays  WOHL.NS  jump as much as 6.2% to a record high of
857.60 rupees 
    ** WOHL says got approval from state government of Tamil
Nadu to commence construction of Chennai project 
    ** Co says would invest about 4 bln rupees ($48.13 mln) for
project spanning across 62 acres in Illalur village
    ** Stock's Relative Strength Index (RSI) at 72.8 as of 10:21
a.m. IST, indicating it is in overbought zone 
    ** More than 218,000 shares traded, about the same volume as
their 30-day avg 
    ** As of last close, WOHL has more than doubled YTD 

($1 = 83.1025 Indian rupees)

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))