India's Moil up after raising prices of some manganese ore grades

Moil

01/06/2023 06:05

** Shares of Moil Ltd  MOIL.NS  rise as much as 4.1% to
161.45 rupees, their biggest intraday pct gain since April 26
    ** MOIL said on Wednesday it has raised prices for some of
the fine and chemical grades of manganese ore by 10%
    ** About 510,062 shares change hands by 10:30 a.m. IST
Thursday, 3.8x the 30-day avg - Refinitiv data
    ** Stock trading above its 50-, 100-, and 200-day
exponential moving averages
    ** For 12 straight sessions, Moving Average Convergence
Divergence (MACD) line of the stock is over the signal line,
suggesting bullish momentum
    ** Stock last up 2.4%, cutting YTD losses to 1.4% 

 (Reporting by Priya Sagar in Bengaluru)
 ((Priya.Sagar@thomsonreuters.com))