At 10:57 AM today, MOIL’s stock gained 5.32%, trading at ₹337.40. The surge comes after the company announced its best-ever November sales, which grew by 32% year-on-year, reaching 1.33 lakh tonnes. This performance has boosted investor sentiment, driving the stock higher in the morning session.
The stock opened at ₹334.35 and moved within a range of ₹330.05 to ₹342.00 during the session. The previous close for the stock was ₹320.35. With a trading volume of over 26.44 lakh shares, MOIL is witnessing robust market participation, reflecting positive momentum.
In terms of its 52-week performance, MOIL has traded between a low of ₹259.50 and a high of ₹588.00, showing its volatility over the past year. The latest sales data has reignited optimism among market participants, propelling the stock toward the higher end of its range.
The broader markets also supported the positive sentiment, with the Sensex up 0.57% at 80,701.80 and the Nifty gaining 0.52% to reach 24,402.10. MOIL’s strong sales numbers and improving operational performance have helped it outperform broader market indices during today’s session.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Please consult a financial advisor before making any investment decisions.