On Monday, 2062 stocks advanced, 1675 declined and 170 remained unchanged, with an advance decline ratio of 1.23 on the Bombay Stock Exchange (BSE), indicating a negative closing of stocks in broader markets. Domestic equities prompted buying, notably in the IT sector, as a result of the global market s recovery following a big slump.
The NIFTY opened lower and remained in a falling trajectory until late afternoon trade. The index went on to make incremental lows and also slipped below the important 19,500 level.
Shilpa Medicare share price: The stock was last seen higher than the 5-day, 20-, 50- and 100-day moving averages but lower than the 200-day moving averages. The counter's 14-day relative strength index (RSI) came at 69.96. A level below 30 is defined as oversold while a value above 70 is considered overbought.
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The Board of Directors of Shilpa Medicare Limited, at its meeting held today have approved the financial results of the company for the period ended March 31, 2023 - Q4FY23 and FY2023.