India's KIOCL rises after Mangalore pellet plant reopens
25/11/2022 04:33
** Shares of iron ore pellet producer KIOCL Ltd KIOC.NS
rise as much as 5.6% to 196.95 rupees, their highest since Sept.
23
** Co on Thursday said that operations at Mangalore pellet
unit restarted with effect from Nov. 24
** The plant was temporarily shut in August, citing lack of
demand in the domestic market and unviability in the
international markets due to export duty on pellets.
** Stock posts biggest intraday pct gain since Nov. 21
** More than 53,151 shares change hands by 0412 GMT vs
30-day avg of 33,421 shares
** Shares down 27.7% YTD, up to last close
(Reporting by Dimpal Gulwani in Bengaluru)
((dimpal.gulwani@thomsonreuters.com))