{"id":116099,"date":"2023-12-22T16:39:24","date_gmt":"2023-12-22T11:09:24","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=116099"},"modified":"2023-12-22T16:39:30","modified_gmt":"2023-12-22T11:09:30","slug":"miniratna-stock-jumps-after-company-reported-26-growth-in-production-for-2023","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/miniratna-stock-jumps-after-company-reported-26-growth-in-production-for-2023\/","title":{"rendered":"Miniratna stock jumps after company reported 26% growth in production for 2023\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3997033918\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of this Miniratna Central Public Sector Entity (CPSE) gained around 2 percent in Friday\u2019s trading session after the company provided key business updates on the production during 2023. In the past six months, the company\u2019s shares gained nearly 90 percent.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1207423565\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs 6,223.60 crores, the stocks of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/MOIL\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">MOIL Limited<\/a><\/strong> opened their trading hour on Friday at Rs 309.55 and closed at Rs 305.85, gaining approximately 2 percent compared to the previous closing levels of Rs 300.40 apiece.\u00a0<\/p><p>In a recent regulatory filing with the Bombay Stock Exchange (BSE), the company announced that it has surpassed a significant milestone by way of surpassing 16 lakh tonnes of production for the year 2023. The same is an increase of approximately 26 percent as compared to the previous best figures achieved in the year 2019.&nbsp;<\/p><p>In addition, the company has focused on exploration efforts as well. In November 2023 alone, MOIL completed core drilling covering 7,551 metres, representing around 200 percent increase compared to November 2022.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3139417671\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>To capitalise on emerging opportunities, the company has increased its investments both domestically and internationally. The company is actively developing existing mines and exploring prospects for new ones as well.&nbsp;<\/p><p>Coming onto the recent financial reports published, the company\u2019s basic business indicators such as operating revenues and net profits took a hit in numbers with the former reducing from Rs 379.71 crores during Q1FY23-24 to Rs 347.53 crores during Q2FY23-24, and, the latter, during the same horizon, shifted down from Rs 86.57 crores to Rs 61.52 crores.&nbsp;<\/p><p>MOIL Limited is associated with the business of exploration, development, and marketing of manganese ores in India. The company manufactures as well as sells various grades of ores comprising high-grade, medium-grade, blast furnace-grade ores, and dioxide for dry battery cells &amp; chemical industries.&nbsp;<\/p><p><strong>Written by Amit Madnani&nbsp;<\/strong><\/p><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1955029223\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of this Miniratna Central Public Sector Entity (CPSE) gained around 2 percent in Friday\u2019s trading session after the company provided key business updates on the production during 2023. In the past six months, the company\u2019s shares gained nearly 90 percent.&nbsp; With a market capitalization of Rs 6,223.60 crores, the stocks of MOIL Limited opened [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[13109,15355,13108,948,936],"class_list":["post-116099","post","type-post","status-publish","format-standard","hentry","category-news","category-trending-news","tag-moil-latest-news","tag-moil-production-growth","tag-moil-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Miniratna stock jumps after company reported 26% growth in production for 2023\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this Miniratna Central Public Sector Entity (CPSE) gained around 2 percent in Friday\u2019s trading session after the company provided key business updates on the production during 2023. 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