India's SBC Exports hits record high on order win

SBC Exports

27/03/2023 07:05

** Shares of SBC Exports  SBCE.NS  up as much as 3.61% to
18.65 rupees, hitting a record high
    ** Co on track for fourth consecutive session of gains, if
trends hold
    ** Co, which is involved in garments trade, manpower supply
services and tour operator services, says it has received work
order worth 9.9 million rupees ($120,262.39)
    ** SBCE trading above its 50-, 100-, and 200-day simple
moving averages, indicating bullish sentiment 
    ** Co's relative strength index is above 70, indicating it
has been overbought 
    ** About 1.1 million shares change hands as of 11:23 a.m.
IST, 0.8x 30-day average of 1.5 million shares 
    ** Stock up 17.26% YTD, as of last close

($1 = 82.3200 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com;))