{"id":120085,"date":"2024-03-01T13:38:41","date_gmt":"2024-03-01T08:08:41","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=120085"},"modified":"2024-03-01T14:01:56","modified_gmt":"2024-03-01T08:31:56","slug":"miniratna-stock-jumps-6-after-it-hikes-manganese-ore-prices-by-5","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/miniratna-stock-jumps-6-after-it-hikes-manganese-ore-prices-by-5\/","title":{"rendered":"Miniratna stock jumps 6% after it hikes manganese ore prices by 5%\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-203500967\"><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>The shares of India\u2019s largest producer of manganese ore gained 6 percent to \u20b9281.90 per share on Friday after the company hiked its manganese ore prices by 5 percent.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1659349897\"><!-- 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>At 12:55 p.m, the MOIL Ltd shares were trading at \u20b9274 per share, up 3.12 percent from the previous close price on the stock exchange. It belongs to the small-cap category of stocks with a market value of \u20b95,576 crores.&nbsp;<\/p><p>MOIL has increased the prices of all ferro grades of manganese ore, significantly raising the manganese content of Mn-44 percent by 5 percent from the prevailing prices. effective March 1, 2024. The company reported this in its exchange filing.&nbsp;<\/p><p>The price for all Specific Grade of Manganese Ore,SMGR (Mn-30% &amp; Mn-25%), fines, and chemical grades has been continued at the prevailing rates since 01.02.2024, effective from midnight of 29.02.2024\/01.03.2024 for March 2024.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1892054821\"><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>MOIL Ltd. is primarily engaged in the mining of manganese ore and is the largest manganese ore producer in the country. It is a Miniratna state-owned company owned by the Government of India.&nbsp;<\/p><p>MOIL is a producer of manganese ore. The company carries out exploration, exploitation, and marketing of various grades of manganese ore electrolytic manganese dioxide and high-carbon ferro manganese alloys. It operates seven underground mines and three opencast manganese ore mines.&nbsp;<\/p><p>The company manages the Ferro manganese plant in Balaghat, Madhya Pradesh, and the electrolytic manganese di-oxide ore plant in Dongri Buzurg, Maharashtra. The company also operates power wind farms in Nagda Hills and Retedi Hills, Madhya Pradesh.&nbsp;<\/p><p>MOIL shares have gained 13 percent in the last six months and 82 percent in a year. The company is the largest producer of manganese ore, with a market share of 50% in the country and large reserves of manganese ore.&nbsp;<\/p><p>In addition, MOIL Ltd&#8217;s year-on-year revenue saw a slight increase of 1.4 percent, rising from \u20b9302 crore in Q3 FY23 to \u20b9306 crore in Q3 FY24. Simultaneously, the net profit also surged by 35 percent, rising from \u20b940 crore to \u20b954 crore during this period.&nbsp;<\/p><p>The company&#8217;s revenue mix comprises 91% from mining products and 9% from manufactured products.<\/p><div class=\"trade-content-10\" id=\"trade-729690028\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\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><strong>Written by Omkar Chitnis&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-59119433\"><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>The shares of India\u2019s largest producer of manganese ore gained 6 percent to \u20b9281.90 per share on Friday after the company hiked its manganese ore prices by 5 percent.&nbsp; At 12:55 p.m, the MOIL Ltd shares were trading at \u20b9274 per share, up 3.12 percent from the previous close price on the stock exchange. It [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":48299,"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":[31,13525],"tags":[],"class_list":["post-120085","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"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 6% after it hikes manganese ore prices by 5%\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of India\u2019s largest producer of manganese ore gained 6 percent to \u20b9281.90 per share on Friday after the company hiked its manganese ore prices by 5 percent.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/miniratna-stock-jumps-6-after-it-hikes-manganese-ore-prices-by-5\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Miniratna stock jumps 6% after it hikes manganese ore prices by 5%\u00a0\" \/>\n<meta property=\"og:description\" content=\"The shares of India\u2019s largest producer of manganese ore gained 6 percent to \u20b9281.90 per share on Friday after the company hiked its manganese ore prices by 5 percent.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/miniratna-stock-jumps-6-after-it-hikes-manganese-ore-prices-by-5\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-01T08:08:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-01T08:31:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/06\/Iron-Ore-Transportation-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/miniratna-stock-jumps-6-after-it-hikes-manganese-ore-prices-by-5\/\",\"url\":\"https:\/\/tradebrains.in\/features\/miniratna-stock-jumps-6-after-it-hikes-manganese-ore-prices-by-5\/\",\"name\":\"Miniratna stock jumps 6% after it hikes manganese ore prices by 5%\u00a0 - 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