India's MOIL surges in busiest session in two years after Q1 profit jump
BUZZ-India's MOIL surges in busiest session in two years after Q1 profit jump ** Manganese ore explorer and producer MOIL's shares MOIL.NS rise as much as 11.07%, their biggest intraday percentage rise in four months, to 304.5 rupees
** MOIL posts 70% year-on-year rise in net profit post market hours on Wednesday
** Revenue from operations rises 7%
** Results exceeded expectations, primarily due to higher blended realisations, inventory gains, says Systematix Institutional Equities, reiterating "buy"
** Trading volume on MOIL is 21.07 million shares as of 10:46 a.m. IST, its most active session in over two years since May 2024, according to data compiled by LSEG
** MOIL shares are down 18.6% in 2026 so far, according to exchange data
(Reporting by Bharath Rajeswaran in Bengaluru)
((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))
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India's MOIL surges in busiest session in two years after Q1 profit jump
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