MOIL’s stock is currently trading at Rs. 367.15, up by 5.55 points or 1.53% from its previous closing price of Rs. 361.60 on the BSE.
The stock opened at Rs. 393.30 and has reached a high and low of Rs. 393.30 and Rs. 357.00, respectively. So far, 36,151 shares have been traded.
MOIL is a BSE Group ‘A’ stock with a face value of Rs. 10. It has touched a 52-week high of Rs. 588.35 on July 8, 2024, and a 52-week low of Rs. 207.05 on October 9, 2023. In the last week, the stock’s high and low stood at Rs. 404.20 and Rs. 357.00, respectively. The company’s current market capitalization is Rs. 7,477.06 crore.
The company’s promoters hold 64.68%, while institutions and non-institutions hold 13.48% and 21.84%, respectively.
MOIL has maintained its growth momentum with its best-ever manganese ore production of 1.46 lakh tonnes in September 2024. During the first six months of the current financial year (April to September 2024), the company produced 8.70 lakh tonnes of manganese ore, marking a 7% growth over the corresponding period last year.
The company also achieved its highest September sales of 1.59 lakh tonnes. Total sales for April-September 2024 stood at 7.51 lakh tonnes, which is nearly the same as the corresponding period last year, despite challenging market conditions. In its continued focus on exploration, MOIL has conducted 50,222 meters of exploratory core drilling as of September 2024, 1.4 times more than the previous year.
MOIL is India’s largest manganese ore company and ranks fifth in the world. It currently operates seven underground mines (Kandri, Munsar, Beldongri, Gumgaon, Chikla, Balaghat, and Ukwa) and three opencast mines (Dongri Buzurg, Sitapatore/Sukli, and Tirodi).
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
