MOIL is currently trading at Rs. 239.35, up by 2.10 points or 0.89% from its previous closing of Rs. 237.25 on the BSE.
The scrip opened at Rs. 238.75 and has touched a high and low of Rs. 240.00 and Rs. 238.15 respectively. So far 3,225 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 255.00 on 03-Jun-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. 243.00 and Rs. 231.00 respectively. The current market cap of the company is Rs. 4,021.08 crore.
The promoters holding in the company stood at 80.00%, while Institutions and Non-Institutions held 9.93% and 10.07% respectively.
MOIL has received its board approval for investment proposals of Rs 461 crore in mining projects. The first project involves investment of Rs 265.96 crore in the first phase in designing, construction, furnishing & equipping of a Vertical Shaft (high speed shaft) at Balaghat Mine. With commissioning of this shaft and related development, the production of Balaghat Mine is targeted to touch around 6 lakh tonnes (from about 3 lakh tonnes at presently) by FY-2025.
The second project involves investment of Rs 195 crore, in the first phase in designing, construction, furnishing & equipping of a Vertical Shaft (high speed shaft) at Gumgaon Mine. With commissioning of this shaft and related development, the production of Gumgaon Mine is targeted to touch around 1.40 lakh tonnes (from about 0.70 lakh tonnes at presently) by FY-2024.
The above projects are in the lines of strategic Management Plan of (SMP) of the company to increase its production and also mechanization of its mining activities.
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).
| Company Name | CMP |
|---|---|
| Coal India | 380.65 |
| NMDC | 69.35 |
| GMDC | 328.00 |
| MOIL | 328.45 |
| Sandur Manganese | 406.60 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Limited to the first 10 users today!
Practical Stock Investing Hand Book
By - Raymond Moses
Founder of MoneyWorks4Me | Consultant | Trainer | Author | TEDx Speaker
Register & Get Instant Access!Don't miss out! First 10 users today get it FREE
With this 4 hrs Masterclass, you’ll be able to:
Download APP
