/ Board Of MOIL Recommends A Dividend Of Rs 6 Per Share ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 31 May 2017

MOIL on Tuesday informed that the board of directors at its meeting held on May 30, 2017, has recommended a final dividend of Rs 6 per equity share of face value of Rs 10 each, for the financial year ended March 31, 2017.

The company’s standalone net profit increased by a staggering 441% to Rs 115.80 crore for the quarter ended March 31, 2017. It had posted a standalone net profit of Rs 21.38 crore in the same quarter of the previous year.

Meanwhile, MOIL is up by 3.5% at Rs 332.10 per share at 11:38 hours IST on BSE. It touched a high of Rs 340 and a low of Rs 330.95 so far during the day.

MOIL Limited is engaged in the exploration, exploitation and marketing of manganese ore and products such as electrolytic manganese dioxide and high carbon ferromanganese alloy. The company operates through three segments: mining, manufacturing and power generation.

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