Miniratna PSU stock, MOIL Ltd jumps 7% after recording highest-ever sales of 1.33 lakh tonnes

The share price of MOIL Limited went up by 6.7 percent to Rs. 342 per share on Tuesday, an increase from its previous close of Rs. 320.35 per share. The company recorded production of 1.63 lakh tonnes of manganese ore in November 2024, as the best November performance since inception. In the first eight months of FY’25, the company has recorded a production of 11.80 lakh tonnes, up 8.46% YoY. 

A leading mining company has demonstrated exceptional performance in its recent operational update. The enterprise has achieved a remarkable milestone in its production capabilities, marking a significant breakthrough in its annual performance.

The latest report highlights an impressive surge in manganese ore production, showcasing the organization’s strategic efficiency and operational excellence. This achievement represents notable year-on-year growth that surpasses previous benchmarks.

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The market capitalization now stands at approximately Rs. 6,878 crore as of December 03, 2024.

In terms of sales, the company has achieved its highest-ever November sales of 1.33 lakh tonnes, marking a 32% increase compared to the same period last year. In the first eight months of FY25, the company recorded sales of 9.9 lakh tonnes, reflecting a growth of 4.76% over the previous year.

Additionally, the company has exceeded a turnover of Rs. 1,000 crore within the first eight months of FY25, reaching this milestone more than a month ahead of the previous year. 

As of the December 2024 shareholding pattern, MOIL Limited is primarily held by the promoters at 64.88 percent, foreign institutional investors hold 4.87 percent, and the public with 22.52 percent.

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