India's Stove Kraft down; CFO resigns

Stove Kraft

08/06/2023 09:13

** Shares of Stove Kraft Ltd  STOE.NS  fall as much as 2.6%
to 428.05 rupees, their lowest in a week
    ** On Wednesday, the kitchen and home solutions firm said
Balaji A S resigned from his position as chief financial officer
    ** About 179,814 shares change hands by 1:41 p.m. IST, 0.5x
the 30-day avg of 388,838 shares - Refinitiv Data
    ** Stock last down ~2%, extending YTD losses to 14.9% 
    ** Stock currently trading below its 50-, 100-, and 200-day
exponential moving averages
    ** About 179,814 shares change hands by 1:41 p.m. IST, 0.5x
the 30-day avg of 388,838 shares - Refinitiv Data
    ** Moving Average Convergence Divergence (MACD) line of the
stock is under the signal line for eight straight sessions,
suggesting bearish bias 

    

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