Shares of MOIL Ltd. fell by 4.03%, trading at ₹384.45 as of 1:10 PM today. The stock opened at ₹398.00 and reached a high of ₹399.35 before declining to a low of ₹384.00.
The drop in share price follows the company’s announcement that it has reduced the prices of ferro grades of manganese ore and fines by up to 20%. This decision is expected to impact the company’s revenue and market sentiment, as investors react to the potential effects on profitability.
The previous closing price for MOIL was ₹400.60, and the current trading volume indicates heightened activity as market participants assess the implications of the price cuts on future earnings.
