MOIL lost 4.8% to Rs 219 at 15:19 IST on BSE after net profit declined 79.14% to Rs 21.37 crore on 29.9% growth in net total income from operations to Rs 209.62 crore in Q4 March 2016 over Q4 March 2015.
The result was announced during market hours today, 24 May 2016.Meanwhile, the S&P BSE Sensex was up 81.34 points or 0.32% at 25,311.70.
On BSE, so far 59,000 shares were traded in the counter as against average daily volume of 20,431 shares in the past one quarter. The stock hit a high of Rs 234 and a low of Rs 214.30 so far during the day. The stock had hit a record low of Rs 180.10 on 12 February 2016. The stock had hit a 52-week high of Rs 257.40 on 22 May 2015. The stock had underperformed the market over the past one month till 23 May 2016, sliding 3.12% compared with Sensex's 2.35% fall. The scrip had, however, outperformed the market in past one quarter, surging 25.4% as against Sensex's 7.78% rise.
The mid-cap company has equity capital of Rs 168 crore. Face value per share is Rs 10.
MOIL operates 10 mines, six located in the Nagpur and Bhandara districts of Maharashtra and four in the Balaghat district of Madhya Pradesh. The Government of India (GoI) held 71.57% stake in the company (as per the shareholding pattern as on 31 March 2016).
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