MOIL after trading on a cautious note for the major part day, has now zoomed sharply after the company said that the Government of India has granted approval.
According to a release issued by the company to the BSE, the Government of India, Ministry of Mines had granted approval of mining lease for manganese ore over an area of 48.974 Ha land village Lugma, Tehsil Baihar in Balaghat District (MP).
The stock soared 5.5 per cent from the day's low of Rs. 307 to hit a high of Rs. 324. Now, MOIL is up nearly 3 per cent at Rs. 318.
The counter so far registered trades of around 54,000 shares, when compared to its two-week daily average volume of 21,000 shares on the BSE.
Meanwhile, the BSE Sensex is down 113 points at 28,446.
According to a release issued by the company to the BSE, the Government of India, Ministry of Mines had granted approval of mining lease for manganese ore over an area of 48.974 Ha land village Lugma, Tehsil Baihar in Balaghat District (MP).
The stock soared 5.5 per cent from the day's low of Rs. 307 to hit a high of Rs. 324. Now, MOIL is up nearly 3 per cent at Rs. 318.
The counter so far registered trades of around 54,000 shares, when compared to its two-week daily average volume of 21,000 shares on the BSE.
Meanwhile, the BSE Sensex is down 113 points at 28,446.
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