MOIL climbs on registering 43% growth in Manganese Ore production in May

02 Jun 2023 Evaluate

MOIL is currently trading at Rs. 161.45, up by 2.40 points or 1.51% from its previous closing of Rs. 159.05 on the BSE.

The scrip opened at Rs. 164.55 and has touched a high and low of Rs. 164.55 and Rs. 160.85 respectively. So far 47089 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 178.50 on 03-Aug-2022 and a 52 week low of Rs. 137.30 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 164.55 and Rs. 151.50 respectively. The current market cap of the company is Rs. 3285.27 crore.

The promoters holding in the company stood at 64.68%, while Institutions and Non-Institutions held 18.03% and 17.28% respectively.

MOIL has achieved best manganese ore production of 1.53 lakh tonnes in May 2023, registering a substantial growth of 43 percent over corresponding period last year (CPLY). At sales front also, MOIL has recorded impressive performance in May 2023 and registered sales of 1.53 lakh tonnes during the month, with a growth of 72 percent over May 2022.

The company has also achieved best ever monthly production of Electrolytic Manganese Dioxide (EMD) in May 2023. EMD is a 100% import substitution product, used mostly for pharmaceuticals and manufacturing of batteries. After relining and capital repairs, Ferro Manganese plant was also recommissioned for production in May, 2023.

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

439.85 7.90 (1.83%)
14-May-2024 16:01 View Price Chart
Peers
Company Name CMP
Coal India 448.60
NMDC 264.95
GMDC 409.25
Sandur Manganese 506.65
MOIL 439.85
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.