Heads Up....MOIL ready to take off

MOIL Limited has reduced prices of Manganese Ore and other products by 5% from May 1, 2021.

“In line with the business practice of fixing/revising prices of Manganese Ore and other products , the Company has fixed/revised prices of different grades of Manganese Ore and other products , effective from May 1, 2021, as under,” the company said in a regulatory filing

“The prices of all grades of Ferro , SMGR grades (Mn30% & Mn25%), Fines and Chemical grades have been reduced by about 5% w.e.f. May 1, 2021 on the prices prevailing since April 1, 2021,”

Long MOIL 172
SL 120
Target 285

Comment: MOIL Ltd Q4 profit grows over 8-fold to Rs116.04cr on sharply higher EBITDA margins in mining vertical.
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