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MOIL rises on registering 31% growth in manganese ore production in December

03 Jan 2024 Evaluate

MOIL is currently trading at Rs. 319.85, up by 4.15 points or 1.31% from its previous closing of Rs. 315.70 on the BSE.

The scrip opened at Rs. 322.35 and has touched a high and low of Rs. 328.40 and Rs. 318.25 respectively. So far 135679 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 329.80 on 04-Dec-2023 and a 52 week low of Rs. 140.65 on 29-Mar-2023.

Last one week high and low of the scrip stood at Rs. 328.40 and Rs. 304.00 respectively. The current market cap of the company is Rs. 6514.58 crore.

The promoters holding in the company stood at 64.68%, while Institutions and Non-Institutions held 18.45% and 16.87% respectively.

MOIL has achieved best ever monthly production of Manganese (Mn) ore and registered production of 1.85 lakh MT in December, 2023, which is 31% higher y-o-y. In the current FY upto December, 2023 also, the company has registered a remarkable growth of 41% y-o-y, with production of 12.73 lakh MT of manganese ore. On the sales front too, the company continued to scale impressive growth of 40% during first nine months of FY24 with sales of 11.01 lakh MT of manganese ore. 

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

315.65 -0.90 (-0.28%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Coal India 456.35
NMDC 88.80
GMDC 684.70
Sandur Manganese 241.35
MOIL 315.65
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