India's Mishra Dhatu Nigam rises on FY24 sales jump

Mishra Dhatu Nigam

01/04/2024 07:41

** Shares of Mishra Dhatu Nigam  MISR.NS  rise as much as
5.5% to 415.9 rupees, before trimming some gains to trade 4.5%
higher
    ** Alloys' maker reports provisional and unaudited sales of
10.65 bln rupees ($127.7 mln) in FY24 vs 8.72 bln rupees in FY23
    ** Stock set to rise for third straight session
    ** Trading vol is 1.2x the 30-day daily avg, tops 1.6 mln
for third straight session
    ** Stock rose ~93% in 2023, gaining most in a year since its
listing in 2018




($1 = 83.3780 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))