MOIL gains after decent Q4 show

The Q4 result was announced on Saturday, 25 May 2013.

Meanwhile, the S&P BSE Sensex was up 175.91 points or 0.89% at 19,880.24

On BSE, 8,992 shares were traded in the counter as against average daily volume of 10,758 shares in the past one quarter.

The stock hit a high of Rs 207.20 and a low of Rs 202 so far during the day. The stock had hit a record low of Rs 199.40 on Friday, 24 May 2013. The stock had hit a 52-week high of Rs 296.40 on 4 July 2012.

The stock had underperformed the market over the past one month till 24 May 2013, sliding 13.09% compared with the Sensex's 2.74% rise. The scrip had also underperformed the market in past one quarter, declining 19.60% as against Sensex's 2.01% gain.

The mid-cap company has equity capital of Rs 168 crore. Face value per share is Rs 10.

MOIL's net profit rose 5.1% to Rs 431.72 crore on 7.5% growth in net sales to Rs 967.12 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012).

MOIL's board of directors at a meeting held on Saturday, 25 May 2013, recommended final dividend of Rs 3.50 per share for FY 2013.

MOIL operates 10 mines, six located in the Nagpur and Bhandara districts of Maharashtra and four in the Balaghat district of Madhya Pradesh. All these mines are about a century old.

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