MOIL nears all-time high; stock zooms 49% in October so far

The stock soared 15% to Rs 284 on the BSE in early morning deal, trading close to its record high of Rs 296 touched on December 15, 2010 in intra-day trade.

MOIL soared 15% to Rs 284 on the BSE in early morning trade, extending its past three weeks' rally, on back of heavy volumes. The stock of mining company was trading close to its all-time high of Rs 296 touched on December 15, 2010 in intra-day trade.

Thus far in the month of October, the stock zoomed 49% from Rs 190 after the company said it hiked prices of various grades of manganese ore with effect from October 1, 2017.

The company has fixed/revised prices of different grades of manganese ore and other products, effective from October 1,