 "Moil Ltd")
MOIL was up 5% at Rs 346 on BSE in otherwise weak market as the company’s June quarter net profit more than doubled and the board recommended bonus share in the ratio of 1:1.
The board of directors of MOIL in their meeting held on August 10, 2017, has recommended issue of bonus shares in the ratio of (1:1) one equity share for each share held.
The state-owned mining company reported net profit of Rs 97.73 crore for the quarter ended June 2017 (Q1FY18). It had profit of Rs 47.15 crore in the same quarter last fiscal.
The board of directors of MOIL in their meeting held on August 10, 2017, has recommended issue of bonus shares in the ratio of (1:1) one equity share for each share held.
The state-owned mining company reported net profit of Rs 97.73 crore for the quarter ended June 2017 (Q1FY18). It had profit of Rs 47.15 crore in the same quarter last fiscal.
