MOIL Ltd (MOIL)

MOIL Shares Surge After Strong Q4 Results - 18 May, 2024

State-owned mining company MOIL reported a net profit of ₹91.15 crore for Q4, marking a 12.6% YoY growth. The company also reported its best-ever sales in FY24 and recommended a final dividend of ₹2.55 per equity share. MOIL shares surged to a 52-week high of ₹524.6.

MOIL Stock Rallies on Strong Performance and Multibagger Returns - 17 May, 2024

Shares of MOIL Ltd rallied 19% to a lifetime record-high mark after delivering a strong performance in Q4FY24 and giving multibagger returns over the last 1-3 years. The company's standalone net sales were down 2.85% YoY, while quarterly net profit was up 12.6% YoY. MOIL was also one of five stocks from the S&P BSE Smallcap index that zoomed up to 20% in intra-day trade.

MOIL Reports Rise in Net Profit and Decline in Revenue - 16 May, 2024

State-owned manganese ore mining company MOIL reported a rise in net profit and decline in revenue for Q4 FY24. The firm also achieved its highest-ever production of manganese ore since inception and recorded a record capital expenditure. For the fiscal year, MOIL saw an 8% rise in revenue from operations and a 17% rise in net profit. The board recommended a final dividend of ₹2.55 per share.

MOIL Posts Increased Net Profit and Dividend Recommendation - 15 May, 2024

MOIL Ltd reported an increase in net profit of 12.6% YoY to Rs 91.1 crore in Q4 2023-24, but revenue from operations fell 2.8%. The company also recommended a final dividend of Rs 2.55 per share, bringing total dividends for the year to Rs 6.05 per share. A buy call was made on the stock with a target price of Rs 459.50.

MOIL Ltd's Stock Falls by 8.2% as State/Government Endure Biggest Losses - 12 May, 2024

State or government ownership of MOIL Ltd is at 65%, with Ministry of Steel Government of India owning 53%. The stock fell by 8.2% last week, resulting in significant losses for state/government shareholders. General public holds a 20% stake.

MOIL Achieves Best-Ever Production in April - 03 May, 2024

Manganese Ore India Limited (MOIL) achieved its best-ever April production and sales with a growth of 22% and 17%, respectively. MOIL's share price rose by almost 5% on the back of this news, reaching a new record high. The company has recorded its best-ever production for a financial year since inception, registering a growth of 35% YoY.

MOIL Shares Surge on Price Hike Announcements - 02 May, 2024

State-owned MOIL Ltd's stock surges as it announces a revision in the prices of its manganese ore and other products, recording its highest-ever production and sales.

MOIL Shares Surge on Global Supply Disruption; Reaches New All-Time High - 26 Apr, 2024

Shares of MOIL have surged due to a longer-than-expected supply disruption from major supplier South32, coupled with strong sales and production figures. The stock has reached a new all-time high of ₹443 per share, with a 31.30% increase in the last four trading sessions alone.

MOIL Shares Gain 33% in a Month - 24 Apr, 2024

MOIL Ltd's shares have surged by 33% in the past month and 152% in the past year. The company's P/E ratio of 27.2x suggests bullish signals, but declining earnings have repressed it. High-frequency trading was observed in MOIL on March 23 when it hit a 52-week high. MOIL's fair value estimate is ₹461, trading close to its current share price of ₹379.