MOIL is currently trading at Rs. 251.30, up by 3.15 points or 1.27% from its previous closing of Rs. 248.15 on the BSE.
The scrip opened at Rs. 250.00 and has touched a high and low of Rs. 253.25 and Rs. 248.05 respectively. So far 11933 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 296.40 on 04-Jul-2012 and a 52 week low of Rs. 217.35 on 19-Dec-2011.
Last one week high and low of the scrip stood at Rs. 255.70 and Rs. 247.50 respectively. The current market cap of the company is Rs. 4216.80 crore.
The promoters holding in the company stood at 80.00% while Institutions and Non-Institutions held 8.50% and 11.50% respectively.
MOIL's production of manganese ore increased by 3.69% during the first half of the year 2012-13, over the corresponding period in the previous year. The sales turnover increased by 3.27% over the corresponding period last year. During April-September, 2012, the profit after tax (PAT) decreased by 3.69% compared to last year. The shortfall in profit is due to fall in international prices of manganese ore. Besides, the country’s largest manganese miner has spent Rs 2.34 crores during April-September, 2012 towards Corporate Social Responsibility against a budget provision of Rs 9.50 crores for the year 2012-13.
Moreover, the Union Minister of Steel has directed the company to increase production of manganese ore to cater to the growing needs of steel industry and to look for acquisition of mines abroad to increase both production and turnover. The Minister has also expressed interest in the expansion and diversification plans like deepening and sinking of vertical shaft and sinking of second vertical shaft at some of the company’s mines.
Manganese Ore India (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). The company is actively involved in exploration and development activities with a view to increase its proven manganese ore reserves.
| Company Name | CMP |
|---|---|
| Coal India | 386.75 |
| NMDC | 214.25 |
| GMDC | 325.75 |
| MOIL | 328.70 |
| Sandur Manganese | 406.20 |
| View more.. | |
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