Connect with us

Hi, what are you looking for?

Bnreport Business News Report

Finance

MOIL climbs over 3% on price revision

NEW DELHI: MOIL climbed over 3 per cent on Thursday after th..

NEW DELHI: MOIL climbed over 3 per cent on Thursday after the state-owned company said it has increased the price of certain grades of ores as well as fines.

In a filing to the BSE, the company said the prices of ferro grade, SMGR and chemical grade have been increased by nearly 10 per cent from the prices set on January 1. The prices of fines have also been raised by nearly 5 per cent, it said, adding that the company would also offer a 10 per cent discount on certain grades of fines.

Following the announcement, the stock rose 3.39 per cent to hit a high of Rs 228.65 on the BSE.

The PSU firm reported a marginal 2.3 per cent YoY rise in standalone net profit at Rs 103.78 crore for the December quarter, compared with Rs 101.41 crore a year ago. Revenue for the quarter fell to Rs 299.80 crore, from the earlier Rs 355.30 core.

As of December-end, the company has a total of 2,66,375,608 outstanding shares.

Original Article

[contf]
[contfnew]

ET Markets

[contfnewc]
[contfnewc]

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Politics

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae.

Finance

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.

Tech

Enlarge/ You wouldn't really want to use Nvidia's ..

Finance

Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora.

%d bloggers like this: