India's Moil Ltd hits highest in nearly 4-mths as Nov sales jump

Moil

02/12/2022 04:18

** Shares of mining co Moil Ltd  MOIL.NS  rise as much as
6.65% to 172.40 rupees, highest since Aug. 3
    ** Co's production was up 60% to 120,000 tonnes of manganese
ore in Nov vs Oct 
    ** Nov sales grew 82% vs Oct 
    ** More than 776,100 shares traded by 09:37 a.m. IST, 5.4X
30-day avg of 144,939
    ** Two analysts covering the stock recommend a "buy" or
higher; median PT is 191.00 rupees - Refinitiv data
    ** Up to last close, stock down 4.41% YTD, against the Nifty
metal  .NIFTYMET  index which rose 20.70%
 (Reporting by Akansha Victor in Bengaluru)
 ((Akansha.Victor@thomsonreuters.com; Mobile: +919654878265;))