MOIL lost 6% to Rs 312.45 at 13:08 IST on BSE after net profit declined 14.6% to Rs 41.47 crore on 32.07% rise in net sales to Rs 196.03 crore in Q2 September 2016 over Q2 September 2015.
The result was announced on Monday, 14 November 2016, when the stock markets were closed for a public holiday.Meanwhile, the BSE Sensex was down 366.43 points, or 1.37%, to 26,452.39
On BSE, so far 48,000 shares were traded in the counter, compared with average daily volume of 2.05 lakh shares in the past two weeks. The stock hit a high of Rs 326 and a low of Rs 310.65 so far during the day. The stock hit a 52-week high of Rs 387.90 on 2 November 2016. The stock hit a record low of Rs 180.10 on 12 February 2016.
The mid-cap company has equity capital of Rs 133.19 crore. Face value per share is Rs 10.
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).
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