Stock of Interest

Posted On: August 29, 2023

Stock report: MOIL(NSE) 28 Aug 2023 

MOIL Ltd is an Indian mining company focused on the mining and production of manganese ore. The company operates 11 major manganese mines across India, and the majority of its revenue is derived from the sale of manganese ore. The company also manufactures Ferro Manganese and Electrolytic Manganese Dioxide. MOIL also operates two wind power farms, output from the smaller farm is used to operate a nearby mine, while output from the other is sold to a utility company. MOIL Ltd is largely state-owned, with remaining shares held by public shareholders. 

#xCalData predicts that MOIL will continue its bullish phase over the next five days and trend within the range of 219 to 243.  

In comparison to the previous month, the price of the stock has experienced an increase of 21.73% indicating a bullish. 

The Stock has doubled once since 05 Oct 2015 and took an average of 1.2 years to double.     

The stock has not shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 2 years in the past. 

Majority of the technical ratios trend towards Bullish side of the spectrum. 

Collectively, xCalData suggests the stock would be in Bullish zone for next 5 days. 

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