{"id":75388,"date":"2022-11-29T12:25:00","date_gmt":"2022-11-29T06:55:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=75388"},"modified":"2022-11-29T12:22:12","modified_gmt":"2022-11-29T06:52:12","slug":"miniratna-stock-gains-21-63-after-re-opening-its-pellet-plant","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/miniratna-stock-gains-21-63-after-re-opening-its-pellet-plant\/","title":{"rendered":"Miniratna Stock gains 21.63% after re-opening its pellet plant\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3879080827\"><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 KIOCL have gained a massive 13.44% and are trading at \u20b9 227.50 apiece as of 11:44 AM on Tuesday. The public sector company\u2019s shares reached an intraday high of \u20b9 233.00 apiece on the National Stock Exchange (NSE).&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4103366849\"><!-- 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>The stock <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/KIOCL\/standalone\" target=\"_blank\" rel=\"noreferrer noopener\">KIOCL<\/a><\/strong> is listed on the NSE, the Bombay Stock Exchange (BSE) and the Metropolitan Stock Exchange of India (MSEI). The company recently informed the bourses that it has restarted the operations of its pellet plant unit in Mangalore with effect from November 24, 2022. Since then, its shares gained 21.63%.\u00a0<\/p><p>Another major development in the industry has worked in favour of the company. The government recently scrapped the export duty on steel and allied raw materials like iron ore and iron ore pellets. This duty was at 15% on most grades of steel and 40 to 45% on the export duty of raw materials. This move will pave the way for overseas shipments of steel from India and higher domestic prices.&nbsp;<\/p><p>KIOCL is the flagship company under the Ministry of Steel, Government of India. The company has the Miniratna status. It is an export-oriented unit with expertise in iron ore mining, filtration technology, and the production of high-quality pellets.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2158324426\"><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>KIOCL is a mid-cap company with a market capitalization of \u20b912,188 crores. It has a return on equity of 15.18% and a debt-to-equity ratio of 0.06. However, it has a negative EPS of 0.32.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna\u00a0<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The content in this news article is not investment advice. 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-1289821994\"><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 KIOCL have gained a massive 13.44% and are trading at \u20b9 227.50 apiece as of 11:44 AM on Tuesday. The public sector company\u2019s shares reached an intraday high of \u20b9 233.00 apiece on the National Stock Exchange (NSE).&nbsp; The stock KIOCL is listed on the NSE, the Bombay Stock Exchange (BSE) and [&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":[31,1789],"tags":[5236,3674,5159,3153,4178,5110,4183,3157,3158],"class_list":["post-75388","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-miniratna-stock","tag-navratna-stock","tag-psu-stock-to-watch","tag-stock-to-buy","tag-stock-to-buy-in-2022","tag-stock-to-buy-in-november","tag-stock-to-trade","tag-stock-to-watch","tag-stock-to-watch-in-2022"],"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 gains 21.63% after re-opening its pellet plant\u00a0 - Trade Brains Features<\/title>\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-gains-21-63-after-re-opening-its-pellet-plant\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Miniratna Stock gains 21.63% after re-opening its pellet plant\u00a0\" \/>\n<meta property=\"og:description\" content=\"The shares of KIOCL have gained a massive 13.44% and are trading at \u20b9 227.50 apiece as of 11:44 AM on Tuesday. The public sector company\u2019s shares reached an intraday high of \u20b9 233.00 apiece on the National Stock Exchange (NSE).&nbsp; The stock KIOCL is listed on the NSE, the Bombay Stock Exchange (BSE) and [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/miniratna-stock-gains-21-63-after-re-opening-its-pellet-plant\/\" \/>\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=\"2022-11-29T06:55:00+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:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/06\/Iron-Ore-Transportation-Cover-Image.jpg\" \/>\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=\"2 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-gains-21-63-after-re-opening-its-pellet-plant\/\",\"url\":\"https:\/\/tradebrains.in\/features\/miniratna-stock-gains-21-63-after-re-opening-its-pellet-plant\/\",\"name\":\"Miniratna Stock gains 21.63% after re-opening its pellet plant\u00a0 - 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