India's MOIL climbs on manganese ore price hike

Moil

03/06/2024 07:36

** Manganese ore miner Moil's  MOIL.NS  shares rise 4.3% to
525 rupees 
    ** Co on Saturday said it increased prices for certain Ferro
grades of manganese ore with manganese content Mn-44% and above
by 35% for the month of June
    ** If trend holds, stock set to gain for a second straight
session
    ** Stock also tracking benchmarks' surge after exit polls
projected over the weekend a third term for Prime Minister
Narendra Modi's government
    ** Nifty 50  .NSEI  and BSE Sensex  .BSESN  currently up
around 3% each
    ** YTD, MOIL up ~70% YTD, had gained ~92% in 2023 for best
yearly gains since listing


 (Reporting by Yagnoseni Das in Bengaluru)
 ((Yagnoseni.Das@thomsonreuters.com;))