MOIL Share Price Behaves Erratically

February 01, 2017 - 11:18:27 AM

MOILMOIL share price displayed volatility since morning. It was trading at Rs. 354.00, up by 2.05 points or 0.58per cent from its previous closing of Rs. 351.95 on the NSE. As of now, the stock dipped below 1.14 per cent. The scrip opened at Rs. 353.15 and has touched a high and low of Rs. 355.30 and Rs. 346.10 respectively. So far 2,00,983 shares are traded on the counter with a traded value of Rs. 702.70. The stock has a face value Rs. 10 has touched a 52 week high of Rs. 428.90 on 12th Jan 2017 and a 52 week low of Rs. 179.50 on 12th Feb 2016.

MOIL has reformed the prices of various grades of manganese ore for January-March quarter effective from February 01, 2017. The prices have been reduced by 10 per cent on the existing prices prevailing from January 1, 2017, of all Ferro Grades of ore, whereas the prices have been decreased by 15 per cent on all grades of SMGR (Mn 30 per cent) and SMGR Low (Mn 25per cent) on the prevailing prices.

Apart from this, the prices have been decreased by 15 per cent on all grades of Fines on the prevailing prices since January 1, 2017, while the prices have been decreased by 10per cent of all chemical grades ore on the prevailing prices. Further, there is no change in the price of Electrolytic Manganese Dioxide (EMD).

Last one week high and low of MOIL share price stood at Rs. 378.80 and Rs. 350.60 respectively. The current market cap of the company is Rs. 4684.88 (Cr). The promoters holding in the company stood at 75.58 per cent, while Institutions and Non-Institutions held 12.19 per cent and 12.23 per cent respectively.

MOIL is the biggest iron ore company in India and fifth largest in world. At present, it operates seven underground mines (Kandri, Munsar, Beldongri, Gumgaon, Chikla, Balaghat and Ukwa mines) and three opencast mines (Dongri Buzurg, Sitapatore/Sukli, and Tirodi).

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