India's Sarda Energy gains on getting consent to expand production

Sarda Energy & Minerals

25/09/2024 05:41

** Sarda Energy & Minerals  SAEM.NS  rises as much as 5.5%
to a record high of 466.7 rupees; set for fourth straight
session of gains
    ** Co gets consent from the Chhattisgarh Environment
Conservation Board to expand production at its Karwahi open cast
coal mine in the state to 1.68 MTPA from 1.44 MTPA
    ** Stock has been on the rise over the last seven weeks,
gaining 61.2% during the period
    ** SAEM has been above its 50-day, 100-day, and 200-day SMAs
since early August
    ** Stock last up 2.5%, extending YTD gains to ~79%

 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))