Moil stock price shoots up 9%

Information about Moil stock price shoots up 9%

Published on June 3, 2016

Author: moneypalm

Source: slideshare.net

Content

1. MOIL stock price shoots up 9 03.06.2016 MOIL stock price today shot up 9 percent to Rs 243.25 on the National Stock Exchange (NSE) after the company announced that its board will meet on June 7 2016, to consider buyback of its equity shares. As of March 31, 2016, the Government of India held 80 percent stake in MOIL Ltd. On the other hand, Individual shareholders held 8.23 percent stake in the company, followed by financial institutions/banks which held 3.38 percent and MFS International New Discovery Fund which held 2.5 percent stake in the company. MOIL Ltd. in its statement said – “A meeting of the board of directors of the company will be held on June 07, 2016, to consider the proposal for buyback of the fully paid-up equity shares of the company.” At 10.12 am, the MOIL stock price was up 5.64 percent at Rs 234.05 on the Bombay Stock Exchange (BSE). For more informative, crisp and latest trending news on Stock Markets and Investment, keep visiting www.moneypalm.in

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