MOIL-Manganese Ore (India) Limited 

It’sImproved pricing environment with 10-15% price hike by MOIL Limited (MOIL) in March 2022 to drive margin expansion going ahead

MOIL-Manganese Ore (India) Limited 

Sharp 36% rally in international manganese ore price in CY2022 YTD to support realisation and profitability

BMOIL-Manganese Ore (India) Limited 

MOIL is well placed to grow its sales volume and management’s production target of 3mt by CY2030E implies robust 11% CAGR over FY2021-FY2024E

BMOIL-Manganese Ore (India) Limited

The optimism stems from India’s target to grow steel production by 2.5x to 300mt over CY2021-CY2030E

MOIL

We conservatively model a 4% volume CAGR over FY2021-FY2024E. Strong cash position and healthy dividend yield of 4-5% provide comfort to investors.

MOIL

It has touched an intraday high of Rs 188.50 and an intraday low of Rs 175.15.

MOIL

The share touched its 52-week high Rs 208.00 and 52-week low Rs 135.25 on 22 June, 2021 and 25 March, 2021, respectively.

MOIL-Manganese Ore (India) Limited 

Currently, it is trading 10.89 percent below its 52-week high and 37.04 percent above its 52-week low.