India's Mishra Dhatu up 4% on MoU signings during Aero India 2023

Mishra Dhatu Nigam

16/02/2023 04:33

** Shares of Mishra Dhatu Nigam  MISR.NS  up as much as 4.3%
at 201.2 rupees
    ** Co reports sharpest intraday gain since Dec. 28
    ** If gains hold, co on track for second consecutive session
of gains, but swings down so far this week
    ** Metallurgy company on Wednesday said it signed 11 MoUs
with organizations like Hindustan Aeronautics  HIAE.NS ,
Hindustan Shipyard, among others
    ** MoUs to expand its area of developing and manufacturing
Aerospace and Naval materials
    ** MISR remains below its 50-, 100-, and 200-day moving
averages, indicating bearish pattern
    ** More than 140,460 shares change hands, as of 9:43 a.m.
IST, 0.5 x 30-day average of 276,886 shares 
    ** Stock down 11.1% YTD as of last close, after posting
19.8% gains last year
 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com;))