FMCG stock under Rs 100 ends 5% higher even as equity markets closed today’s session on subdued note: Details
The stock's 14-day relative strength index (RSI) is 37.56. For the uninitiated, a level above 70 is considered overbought or overvalued, and below 30 is defined as oversold or undervalued. Mumbai: Shares of fast-moving consumer goods company Elitecon International ended today's session with a gain of 5 per cent, even as Indian equity markets closed on a subdued and cautious note amid mixed domestic and global cues. Elevated geopolitical tensions and renewed tariff-related concerns continued to cap risk appetite and deter aggressive positioning. Meanwhile, the stock started the session flat at Rs 91.43 and gained to hit an intraday high…