MOIL Ltd. increases prices of high-grade manganese ore by 2% and maintains electrolytic manganese dioxide at ₹210,000 PMT. Lower-grade ores and other products see an 8% decrease. The stock has surged 60% this year and 200% in 12 months.
Shares of state-owned MOIL Limited are expected to remain in focus on Monday following the company's announcement of revised prices for manganese ore, effective July 1, 2024.
Explore:Moil Limited Share Price
In an exchange filing, MOIL Ltd. disclosed that it has increased the prices of all ferro grades of manganese ore with a manganese content of Mn-44% and above by 2% from the existing prices.
This adjustment is in line with the company's regular practice of fixing and revising prices based on market conditions.
Conversely, prices for all other ferro grades of manganese ore with manganese content below Mn-44% have been reduced by 8% compared to previous prices.
Additionally, prices for silico manganese grades (SMGR) including Mn-30% and Mn-25%, fines, and chemical grades have also been decreased by 8%.
The company has decided to maintain the basic price of electrolytic manganese dioxide (EMD) at ₹210,000 per metric tonne (PMT) for the month of July.
On the preceding Friday, MOIL Ltd.'s stock closed at ₹494 per share on the National Stock Exchange (NSE), marking a decrease of 3.40%.
Despite this recent decline, the stock has demonstrated robust performance throughout the year, showing a remarkable increase of nearly 60% year-to-date and an impressive surge of 200% over the past 12 months.
This adjustment in prices reflects MOIL Ltd.'s strategy to adapt to market dynamics while maintaining competitive pricing for its products.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
IEX Sees 24.7% Growth in Electricity Volume in June 2024
03 Jul, 2024 | 2 Min. read
Commodities Market Today | Crude Oil Retreats from Two-Month High
03 Jul, 2024 | 2 Min. read
Share Market Today | GIFT Nifty Up 90+ Points, US Markets Hit New Highs
03 Jul, 2024 | 5 Min. read
Gold Rate Today | Gold Down 0.21% Following Fed’s Dovish Stance
03 Jul, 2024 | 2 Min. read
Kotak Mahindra Bank Replies to SEBI on Adani Stock Short-Selling Allegations
03 Jul, 2024 | 2 Min. read
HDFC Bank Sees FPI Holdings Decline in Q1, Anticipates $4B Inflows
03 Jul, 2024 | 2 Min. read
CDSL Announces 1:1 Bonus Issue, Increases Authorised Share Capital
03 Jul, 2024 | 2 Min. read
Commodities Market Today | Oil Up Over 2%, Near Two-Month Peak
02 Jul, 2024 | 2 Min. read
Share Market Today | GIFT Nifty Positive Amid Global Market Gains
02 Jul, 2024 | 5 Min. read
Patanjali Foods to Acquire a Segment of Patanjali Ayurved for ₹1,100 Cr
02 Jul, 2024 | 2 Min. read
Niva Bupa Health Insurance Files for ₹3,000 Crore IPO
02 Jul, 2024 | 2 Min. read
Gold Rate Today | Gold Up 0.2% in Anticipation of US Jobs Data
02 Jul, 2024 | 2 Min. read
Analysis to Become a Pro Investor
28 Dec, 2023 | 4 Min. read
Women In Real Estate Investing (Investree)
28 Dec, 2023 | 5 Min. read
How To Check Prudent Corporate Advisory IPO Allotment Status
27 Dec, 2023 | 3 Min. read
How To Boost Credit Score? – Steps to Improve Creditworthiness
27 Dec, 2023 | 4 Min. read
Advantages and Disadvantages of Opening Multiple Demat Accounts
26 Dec, 2023 | 4 Min. read
7th CPC LTC: Leave Travel Concession Rules for Central Government Employees
26 Dec, 2023 | 4 Min. read
7th Pay Commission: House Building Advance (HBA) Interest Rate FY 2023-24
26 Dec, 2023 | 5 Min. read
The Future of Trading: Exploring Bajaj Broking’s Demat Features
26 Dec, 2023 | 6 Min. read
7th Central Pay Commission Cpc Fitment Table
23 Dec, 2023 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading