India's MOIL rises after record sales, production in FY24

Moil

03/04/2024 05:23

** State-run manganese ore miner MOIL's  MOIL.NS  shares up
as much as 6% to 323.15 rupees
    ** Company says production, sales in FY24 were its
highest-ever, up 35% and 30% y-o-y, respectively
    ** More than 3.4 mln shares change hands in early trade,
already making Wednesday's session its second-busiest so far
this month - LSEG
    ** MOIL has been trading above its 200-day moving average
since June last year
    ** Stock up ~4% YTD vs Nifty Metal index's  .NIFTYMET  9.4%
rise

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607))