India's Sandur Manganese hits record high on bonus issue

Sandur Manganese And Iron Ores

18/12/2023 07:47

** Shares of Sandur Manganese and Iron Ores  SUMG.NS  up 10%
at a record high of 2,544.95 rupees
    ** The miner approved bonus issue of shares where 5 new
shares will be issued to shareholders for every share held in
the company    
    ** Stock up ~65% in Dec. so far, hitting multiple record
highs during the period, partly due to co's inclusion in the S&P
BSE Energy Index  .SPBSENIP 
    ** Nearly 300,000 shares traded, 3.5x their 30-day avg
    ** Stock up ~55% since listing on the National Stock
Exchange in Sept    

 (Reporitng by Nishit Navin in Bengaluru)
 ((nishit.navin@thomsonreuters.com;))