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Sandur Manganese spurts after production hike

Capital Market 

Sandur & Iron Ores jumped 5.04% to Rs 1,089.05 at 11:35 IST on after the company announced that ore annual production in lease has been increased as approved by

The announcement was made after market hours on Friday, 23 March 2018.

Meanwhile, the Sensex was up 7.32 points, or 0.02%, to 32,603.86. The Small-Cap index was down 72.78 points or 0.43% to 16,728.40.

On the BSE, 6,828 shares were traded in the counter so far compared with average daily volumes of 5,522 shares in the past two weeks. The stock hit a high of Rs 1,123.95 and a low of Rs 1,062 so far during the day. The stock hit a record high of Rs 1,469.50 on 16 January 2018. The stock hit a 52-week low of Rs 541.40 on 25 May 2017.

The small-cap company has an equity capital of Rs 8.75 crore. Face value per share is Rs 10.

Sandur & Iron Ores said that manganese ore annual production in lease No.2679 has been increased from 7,400 to 32,000 tonnes as approved on 23 March 2018 by constituted by the

Sandur Manganese & Iron Ores' net profit jumped 123.88% to Rs 20.53 crore on 55.63% rise in net sales to Rs 152.33 crore in Q3 December 2017 over Q3 December 2016.

Sandur is engaged in the business of manganese and

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, March 26 2018. 11:49 IST