On Thursday this small-cap stock gains over 12% after Quant Mutual Fund Gilt Fund bought 11 lakh shares. On the same day, the stock reached a new 52-week high of Rs. 265.10. The stock has delivered 71% returns in six months and 51 % returns in YTD. This company shares are currently trading above the 50-day and 200-day moving averages.
MOIL Ltd
With a market capitalisation of Rs. 5,270 Cr, the company belongs to the small-cap category. On Thursday the stock rose over 12%, at 11:30 the stock is trading 10.6% up at Rs. 254 on NSE.
According to the NSE bulk deal data, Quant Mutual Fund Gilt Fund bought 11 lakh shares at Rs. 226.80 per share and the entire stake was sold by the small players and retail investors.
As per the company filing, total revenue grew by 3.7% from Rs. 390.78 Cr in Q1 FY23 to Rs. 405.36 Cr in Q1 FY24 and the company’s net profit declined by 15.5% from Rs. 102.78 Cr in Q1 FY23 to Rs. 86.75 Cr in Q1 FY24.
As per the latest shareholding information data, Promoters hold 64.68%, DIIs hold 12.33%, FIIs hold 6.16% and the public hold a 16.83% stake in the company.
MOIL Ltd is a mining compnay that engages in the mining and production of manganese ore. The company has 11 main manganese mines across India, and the company generates the majority of its revenue from selling manganese ore.
Written by Sheshadri N
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