India's Sarda Energy rises after JV unit gets letter of intent

Sarda Energy & Minerals

22/03/2024 04:20

** Shares of Sarda Energy & Minerals  SAEM.NS  up 11.9% at
218.95 rupees
    ** Co said its subisidiary JV got letter of intent for
composite licence for an iron ore block in the Indian state of
Maharashtra
    ** Stock on track for best day since June 14, 2021, if trend
holds
    ** Stock down 20% so far this year, after four straight
yearly gains

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))