Meanwhile, the S&P BSE Sensex was down 221.54 points or 1.18% at 18,580.10.
On BSE, 6,091 shares were traded in the counter as against average daily volume of 11,345 shares in the past one quarter.
The stock hit a high of Rs 236.50 and a low of Rs 232 so far during the day. The stock had hit a 52-week high of Rs 296.40 on 4 July 2012. The stock had hit a 52-week low of Rs 216.30 on 21 March 2013.
The stock had outperformed the market over the past one month till 3 April 2013, rising 0.21% compared with the Sensex's 0.62% fall. The scrip had, however, underperformed the market in past one quarter, sliding 10.22% as against Sensex's 4.87% fall.
The mid-cap company has equity capital of Rs 168 crore. Face value per share is Rs 10.
Shares of MOIL had rallied 7.03% in four trading sessions to settle at Rs 237.50 on Wednesday, 3 April 2013, from a recent low of Rs 221.90 on 26 March 2013.
MOIL on Tuesday, 2 April 2013 said that in line with company's business practice of quarterly revision of the prices of manganese ore, the prices of each grade of manganese ore has been increased by 9% for the April-June 2013 quarter over the prices for the January-March 2013 quarter.
MOIL's net profit rose 11.91% to Rs 113.58 crore on 4.71% decline in net sales to Rs 228.27 crore in Q3 December 2012 over Q3 December 2011.
MOIL operates 10 mines, six located in the Nagpur and Bhandara districts of Maharashtra and four in the Balaghat district of Madhya Pradesh. All these mines are about a century old. MOIL fulfills about 50% of the total requirement of dioxide ore in India. It has set up Ferro Manganese Plant (10,000 TPY) and Electrolytic Manganese Dioxide (EMD) Plant (1000 TPY) as per its diversification plan for value addition to manganese ore. MOIL has also set up a Captive Power Plant and is further considering, expanding the capacity of ferro manganese plant and setting up a new Silico Manganese Plant by means of joint ventures entered into with Rashtriya Ispat Nigam and Steel Authority of India.
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