PSU mining company, MOIL Ltd is in the limelight today morning. The stock price, which had closed on Friday at Rs.246, opened today at Rs.255, going up to an intra day high at Rs.261. Its 52-week high remains at Rs.284.

The market is happy that effective 1st October, the company has revised the prices of manganese ore upwards for Q3FY17. This comes as a great relief as last month, the company had announced a rate cut.

The company has hiked the ferro grades of ore price by 25%; fines prices by 20%, the price on all grades of SMGR hiked by 20%; that of chemical grades by 25% and that of Electrolytic manganese dioxide price remains unchanged.