MOIL was so close to its 52-week high of Rs.394 when intra day, it hit Rs.386 and one could not help but wonder if will hit a new high today. But it came down from this intra day high and is now ruling at 380 levels, nevertheless, 4% up over previous close.

The stock price rose on the price hikes the company notified, across almost product line. It has brought in a 10% rise in all ferro grades of ore,  15% price hike across all SMGR and SMGR low grades & all grades of fines, a 10% hike in all chemical grades and a 5% hike in electrolytic manganese dioxide.

These are the prices for Q4FY17 and have come into effect from yesterday, 1st Jan’17.