You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

MOIL gains after hiking manganese ore prices

Capital Market 

MOIL rose 1.45% to Rs 381.80 at 11:07 on after the company said it has increased prices of different grades of manganese ore, effective from 1 December 2016.

The announcement was made during trading hours today, 1 December 2016.

Meanwhile, the Sensex was up 25.32 points, or 0.09%, to 26,678.13.

On BSE, so far 1.03 lakh shares were traded in the counter, compared with average daily volume of 84,229 shares in the past one quarter. The stock hit a high of Rs 394 so far during the day, which is also a 52-week high for the counter. The stock hit a low of Rs 379 so far during the day. The stock hit a record low of Rs 180.10 on 12 February 2016. The stock had outperformed the market over the past 30 days till 30 November 2016, rising 4.32% compared with the 4.39% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 50.51% as against Sensex's 6.23% decline.

The mid-cap company has equity capital of Rs 133.19 crore. Face value per share is Rs 10.

Prices of ferro grade ore have been hiked by 30%. Prices of SMGR grade and fines have been raised by 25% each and prices of chemical grade ore have been raised by 10%.

Price of elctrolyte manganese dioxide (EMD) has remain unchanged.

MOIL's net profit declined 14.6% to Rs 41.47 crore on 32.1% rise in net sales to Rs 196.03 crore in Q2 September 2016 over Q2 September 2015.

MOIL produces and sells different grades of manganese ore. Government of India currently holds 75.58% stake in MOIL (as per the shareholding pattern as on 11 October 2016).

Powered by Capital Market - Live News

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

RECOMMENDED FOR YOU

MOIL gains after hiking manganese ore prices

MOIL rose 1.45% to Rs 381.80 at 11:07 IST on BSE after the company said it has increased prices of different grades of manganese ore, effective from 1 December 2016.

MOIL rose 1.45% to Rs 381.80 at 11:07 on after the company said it has increased prices of different grades of manganese ore, effective from 1 December 2016.

The announcement was made during trading hours today, 1 December 2016.

Meanwhile, the Sensex was up 25.32 points, or 0.09%, to 26,678.13.

On BSE, so far 1.03 lakh shares were traded in the counter, compared with average daily volume of 84,229 shares in the past one quarter. The stock hit a high of Rs 394 so far during the day, which is also a 52-week high for the counter. The stock hit a low of Rs 379 so far during the day. The stock hit a record low of Rs 180.10 on 12 February 2016. The stock had outperformed the market over the past 30 days till 30 November 2016, rising 4.32% compared with the 4.39% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 50.51% as against Sensex's 6.23% decline.

The mid-cap company has equity capital of Rs 133.19 crore. Face value per share is Rs 10.

Prices of ferro grade ore have been hiked by 30%. Prices of SMGR grade and fines have been raised by 25% each and prices of chemical grade ore have been raised by 10%.

Price of elctrolyte manganese dioxide (EMD) has remain unchanged.

MOIL's net profit declined 14.6% to Rs 41.47 crore on 32.1% rise in net sales to Rs 196.03 crore in Q2 September 2016 over Q2 September 2015.

MOIL produces and sells different grades of manganese ore. Government of India currently holds 75.58% stake in MOIL (as per the shareholding pattern as on 11 October 2016).

Powered by Capital Market - Live News

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

image
Business Standard
177 22

MOIL gains after hiking manganese ore prices

MOIL rose 1.45% to Rs 381.80 at 11:07 on after the company said it has increased prices of different grades of manganese ore, effective from 1 December 2016.

The announcement was made during trading hours today, 1 December 2016.

Meanwhile, the Sensex was up 25.32 points, or 0.09%, to 26,678.13.

On BSE, so far 1.03 lakh shares were traded in the counter, compared with average daily volume of 84,229 shares in the past one quarter. The stock hit a high of Rs 394 so far during the day, which is also a 52-week high for the counter. The stock hit a low of Rs 379 so far during the day. The stock hit a record low of Rs 180.10 on 12 February 2016. The stock had outperformed the market over the past 30 days till 30 November 2016, rising 4.32% compared with the 4.39% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 50.51% as against Sensex's 6.23% decline.

The mid-cap company has equity capital of Rs 133.19 crore. Face value per share is Rs 10.

Prices of ferro grade ore have been hiked by 30%. Prices of SMGR grade and fines have been raised by 25% each and prices of chemical grade ore have been raised by 10%.

Price of elctrolyte manganese dioxide (EMD) has remain unchanged.

MOIL's net profit declined 14.6% to Rs 41.47 crore on 32.1% rise in net sales to Rs 196.03 crore in Q2 September 2016 over Q2 September 2015.

MOIL produces and sells different grades of manganese ore. Government of India currently holds 75.58% stake in MOIL (as per the shareholding pattern as on 11 October 2016).

Powered by Capital Market - Live News

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

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard