India's MOIL gains after hiking manganese ore prices

Moil

03/03/2025 04:11

** Shares of manganese ore miner MOIL MOIL.NS rise 3% to 296 rupees

** Co said it hiked prices of all ferro grades of manganese ore by 10%; also hikes prices of other ferro grades of manganese ore and chemical grades

** Co reports exploratory core drilling of 11,455 meters in February, up 43% Y/Y

** Stock shed 12% so far this year vs a ~4% drop in Nifty Metal index .NIFTYMET

 (Reporting by Ashna Teresa Britto in Bengaluru)

 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))