02-07-2025
MOIL shares gain over 2% today after price hike announcement across Ferro and Chemical grades
By Aditya Bhagchandani Published on July 2, 2025, 09:19 IST
Shares of Moil Limited rose over 2% in Tuesday's early trade session after the company announced a price increase for its Ferro and Chemical grades of manganese ore. The company raised prices by 2% with effect from July 1, 2025, over the previous prices applicable from June 1, 2025.
Following the announcement, Moil shares climbed to Rs 392.75, marking a gain of 2.08% or Rs 8 from the previous close of Rs 384.75 on the NSE. The stock traded within a day range of Rs 388 to Rs 394.60.
Moil currently commands a market capitalization of Rs 7,997 crore and has witnessed an average trading volume of 9.33 lakh shares. The company is trading at a Price-to-Earnings (P/E) ratio of 20.95.
Moil Limited, a leading manganese ore producer in India, frequently revises its ore prices based on market demand and prevailing rates. The company's manganese ore products cater primarily to the steel, battery, and chemical industries.
Moil shares have been on an uptrend recently, supported by improved demand and better realization across key product categories.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
