{"id":80852,"date":"2023-01-02T18:00:00","date_gmt":"2023-01-02T12:30:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=80852"},"modified":"2023-01-02T16:16:25","modified_gmt":"2023-01-02T10:46:25","slug":"miniratna-psu-stock-jumps-5-after-achieving-record-high-production-and-sales","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/miniratna-psu-stock-jumps-5-after-achieving-record-high-production-and-sales\/","title":{"rendered":"Miniratna PSU stock jumps 5% after achieving record-high production and sales\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3737676283\"><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 <a href=\"https:\/\/portal.tradebrains.in\/stock\/MOIL\/standalone\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Moil Ltd<\/strong><\/a> were trading 5 percent higher at Rs 167.80 levels till the afternoon on Monday against its previous close of Rs 161.05. The stock scaled higher after the company\u2019s production and sales last month reached a record high.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1519512989\"><!-- 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 company has registered the best December production of 1,41,321 in 2022. This was an 18 percent increase from November 2022. The sales of the company rose by 91 percent and stood at 1,64,235 tonnes for the month. In addition to that, the company also revised prices of Manganese Ore and other products, effective from January 1st, 2023.&nbsp;<\/p><p>The company increased the prices of all Ferro grade manganese ore with a manganese content of 44 percent and more by 15 percent. The prices of all other Ferro grades of manganese ore with Manganese content below 44 percent, Fines, and Chemical grades have been increased by 7.5 percent.&nbsp;<\/p><p>MOIL Limited is a Miniratna CPSE under the administrative control of the Ministry of Steel. It is the largest producer of manganese ore in the country with a market share of 45 percent.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3487389749\"><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>In the last five days, the stock has zoomed by 7 percent and in the span of six months, the stock has zoomed by 18 percent. The stock reached its 52-week high of Rs 197.40 in April last year. Currently it is trading at a discount of 13 percent from those levels.&nbsp;<\/p><p>The state-owned manganese mining major operates a total of 11 mines out of which seven are in the Nagpur and Bhandara districts of Maharashtra and four in the Balaghat district of Madhya Pradesh. Further, the company is exploring business opportunities in Gujarat, Rajasthan, and Odisha besides Madhya Pradesh.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Anoushka Roy<\/strong><\/p><\/blockquote><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 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-2388488516\"><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 Moil Ltd were trading 5 percent higher at Rs 167.80 levels till the afternoon on Monday against its previous close of Rs 161.05. The stock scaled higher after the company\u2019s production and sales last month reached a record high.\u00a0 The company has registered the best December production of 1,41,321 in 2022. This [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":38009,"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":[3176,5236,3601,5159,5387,5386,948,5385,936,3153,3157,2597],"class_list":["post-80852","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-company-results","tag-miniratna-stock","tag-psu-stock","tag-psu-stock-to-watch","tag-record-high-sales","tag-results-2023","tag-stock-market","tag-stock-market-2023","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-watch","tag-stocks-to-watch"],"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 PSU stock jumps 5% after achieving record-high production and sales\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Miniratna PSU stock were trading 5 percent higher at Rs 167.80 levels till the afternoon on Monday against its previous close of Rs 161.05. 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