Time period given by analyst is one year when MOIL Ltd. price can reach defined target.
MOIL Ltd., incorporated in the year 1962, is a Mid Cap company (having a market cap of Rs 4581.61 Crore) operating in Mining sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 287.04 Crore, down -13.86 % from last quarter Total Income of Rs 333.20 Crore and down -4.67 % from last year same quarter Total Income of Rs 301.08 Crore. Company reported net profit after tax of Rs 51.38 Crore in latest quarter.
Investment Rationale
The brokerage continues to remain positive on the company given its long term growth drivers continue to be well in place. It maintains BUY rating on MOIL with a revised target of Rs.240 per share.
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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