MOIL is currently trading at Rs. 381.65, up by 14.80 points or 4.03% from its previous closing of Rs. 366.85 on the BSE.
The scrip opened at Rs. 380.00 and has touched a high and low of Rs. 386.10 and Rs. 380.00 respectively. So far 80702 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 394.00 on 01-Dec-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. 386.10 and Rs. 348.00 respectively. The current market cap of the company is Rs. 6405.84 crore.
The promoters holding in the company stood at 80.00%, while institutions and non-institutions held 9.60% and 10.40% respectively.
MOIL has increased prices of various grades of manganese ore for January-March quarter effective from January 1, 2017. The prices have been increased by 10% on the existing prices prevailing since December 1, 2016 of all Ferro Grades of ore. The prices have been increased by 15% on all grades of SMGR (Mn 30%) and SMGR Low (Mn 25%) on the prevailing prices since December 1, 2016.
The prices have been increased by 15% on all grades of Fines on the prevailing prices since December 1, 2016, while the prices have been increased by 10% of all chemical grades ore on the prevailing prices since December 1, 2016. The prices have been increased by 5% of Electrolytic Manganese Dioxide (EMD) on the prevailing prices since December 1, 2016.
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).
