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MOIL rises on hiking prices of various grades of manganese ore for Oct-Dec quarter

03 Oct 2016 Evaluate

MOIL is currently trading at Rs. 253.00, up by 6.95 points or 2.82% from its previous closing of Rs. 246.05 on the BSE.

The scrip opened at Rs. 255.00 and has touched a high and low of Rs. 261.40 and Rs. 250.90 respectively. So far 26,434 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 284.10 on 02-Sep-2016 and a 52 week low of Rs. 180.10 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 261.40 and Rs. 239.25 respectively. The current market cap of the company is Rs. 4,250.40 crore.

The promoters holding in the company stood at 80.00%, while Institutions and Non-Institutions held 9.78% and 10.21% respectively.

MOIL, country’s top manganese ore producer, has increased prices of various grades of manganese ore for October-December quarter effective from October 01, 2016. The price have been increased by 25% on all Ferro Grades of ore, while prices have been increased by 20% on all grades of SMGR (Mn 30%) and SMGR Low (Mn 25%) on the prevailing prices.

Besides, the prices have been increased by 20% on all grades of Fines and by 25% of all chemical grades ore on the prevailing prices. However, the existing price of Electrolytic Manganese Dioxide (EMD) has remained unchanged.

MOIL is the largest iron ore company in India and fifth largest in world. It currently operates seven underground mines (Kandri, Munsar, Beldongri, Gumgaon, Chikla, Balaghat and Ukwa mines) and three opencast mines (Dongri Buzurg, Sitapatore/Sukli, and Tirodi).


MOIL Share Price

324.85 -2.75 (-0.84%)
20-Apr-2026 09:29 View Price Chart
Peers
Company Name CMP
Coal India 435.65
NMDC 88.97
GMDC 704.10
Sandur Manganese 216.80
MOIL 324.85
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