Shutterstock.comYes Securities has buy call on MOIL with a target price of Rs 163. The current market price of MOIL is Rs 150.8.
MOIL Ltd., incorporated in the year 1962, is a Mid Cap company (having a market cap of Rs 3524.32 Crore) operating in Mining sector.
Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 307.20 Crore, up 101.66 % from last quarter Sales of Rs 152.33 Crore and up 21.37 % from last year same quarter Sales of Rs 253.11 Crore Company reported net profit after tax of Rs 7.33 Crore in latest quarter.
Investment Rationale
Prior week’s decline found renewed buying interest at lower levels. Appearance of a bullish candle at current levels could mean a shift of range on the upside. Positive follow through could lift the stock till Rs 165 zone.
Promoter/FII Holdings
Promoters held 64.4 per cent stake in the company as of June 30, 2020, while FIIs held 3.1 per cent, DIIs 15.6 per cent and public and others 17 per cent.
MOIL Ltd., incorporated in the year 1962, is a Mid Cap company (having a market cap of Rs 3524.32 Crore) operating in Mining sector.
Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 307.20 Crore, up 101.66 % from last quarter Sales of Rs 152.33 Crore and up 21.37 % from last year same quarter Sales of Rs 253.11 Crore Company reported net profit after tax of Rs 7.33 Crore in latest quarter.
Investment Rationale
Prior week’s decline found renewed buying interest at lower levels. Appearance of a bullish candle at current levels could mean a shift of range on the upside. Positive follow through could lift the stock till Rs 165 zone.
Promoter/FII Holdings
Promoters held 64.4 per cent stake in the company as of June 30, 2020, while FIIs held 3.1 per cent, DIIs 15.6 per cent and public and others 17 per cent.
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