Traders are advised to buy MOIL and Shriram Transport Finance on dips near 178 and 1200, respectively.
Buying was seen across the board; Micap and Smallcap indices finished with gains of 1.5 per cent each, overall breadth too was extremely positive
Union Minister of Steel Ram Chandra Prasad Singh on Sunday announced a bonus of Rs 28,000 as well as wage revision for the employees of the state-owned Manganese Ore India Limited (MOIL). Singh was addressing a gathering at the inauguration 2nd Vertical Shaft, Chikla Mine and various other facilities of the company based at Nagpur in Maharashtra. He announced a production-linked bonus of Rs 28,000 for all the MOIL employees, which will be paid before the upcoming Diwali festival. The wage revision is for 10 years, with effect from August 1, 2018 to July 31, 2027, and will benefit around 5,800 employees of the company, it said in a release. It is based on an MoU arrived between the company's management and the MOIL Kamgar Sanghatan, a recognised union of its employees. The proposal includes fitment benefit of 20 per cent and perks /allowances at the rate of 20 per cent, the release said. An interim relief at 12 per cent of the basic and dearness allowance (DA) was given by the co
State-owned MOIL on Thursday posted a net profit of Rs 1.88 crore for the quarter ended June
Increases prices of Ferro grade manganese ore has been increased by 3%
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.
The stock rallied 5% to Rs 200 on BSE after the company said it hiked prices of various grades of manganese ore with effect from October 1, 2017.
The stock was up 5% at Rs 346 on BSE in otherwise weak market
The government is offering an additional discount of 5% to the allotment price
The stock was down 4% to Rs 367 on the BSE in early morning trade.
The floor price is at a discount of 4.63% over the closing price of MOIL at Rs 382.70 on the BSE
The hit a fresh 52-week high of Rs 384, soared 50% in past one-month from Rs 255 on October 3.
The offer is for fully paid-up shares of the company at a price of Rs 248 a share payable in cash
The stock was up 3% at Rs 240 on the BSE.
The stock surged 9% to Rs 243 on NSE after the company said the board will meet on June 7, to consider share buyback proposal.
The stock surged 9% to Rs 238 after it increased the prices of various grades of manganese ore for the quarter April-June.
The Madhya Pradesh has granted mining lease under Ukwa Mine of the company