India's MOIL hits over 5-year high on August production growth

Moil

04/09/2023 06:01

** Shares of manganese ore miner MOIL  MOIL.NS  rise as much
as 3.1% to 250 rupees, highest since Jan. 18, 2018
    ** Co on Saturday said its manganese ore August production
rose 53% YoY to 123,000 tonnes
    ** Adds that August sales doubled YoY to 111,000 tonnes
    ** Stock on track to rise for fourth straight session, if
trend holds
    ** More than 1 mln shares change hands as of 10:21 a.m. IST,
0.7X the 30-day moving average
    ** Including day's move, stock up 52.5% YTD

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))