India's Sunflag Iron and Steel hits 4-month high on letter of intent for iron ore licence

Sunflag Iron and Steel

15/12/2023 08:26

** Shares of Sunflag Iron and Steel Company  SFLG.NS  rise
as much as 14% to 229.30 rupees in most active session in five
months   
    ** Stock hits highest level since Aug. 10
    ** Steel maker receives letter of intent from Maharashtra
govt for grant of composite licence for iron ore
    ** Trading volumes at ~10x the 30-day avg
    ** Stock up ~104% YTD including day's gains, set for biggest
yearly gain since listing

 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com;))