India's Moil rises most in nearly 2 months on jump in manganese ore production

Moil

03/03/2023 04:27

** Shares of manganese ore producer Moil Ltd  MOIL.NS  rise
as much as 4% to 156.50 rupees, marking their sharpest intraday
pct gain since Jan 10
    ** MOIL said on Thursday it registered a 10% YoY jump in
production of manganese ore, which was at 131,000 tonnes in Feb
    ** Sales of manganese ore grew 19% YoY, stood at 132,000
tonnes in Feb
    ** Stock hits its highest since Feb 22
    ** More than 508,135 shares change hands, 3x 30-day avg of
170,582 shares, marking stock's most active trading session
since Jan. 31
    ** Stock down 6.5% this year, up to last close


 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))