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Momentumisers: MOIL in focus; here’s why

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Momentumisers: MOIL in focus; here’s why

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Yesterday, March 28, MOIL closed at the highest level in the last eight months. It was up 3.5 percent yesterday; in fact, it gained as much as 11 percent in the last 5 days as well.

Yesterday, March 28, MOIL closed at the highest level in the last eight months. It was up 3.5 percent yesterday; in fact, it gained as much as 11 percent in the last 5 days as well.

The last 5-day average volumes are 2.2 times compared to one-month average volumes and because of that, a surge is seen in deliverable volumes which are also nearly twice the one-month averages.
The reason behind this gain is hope and expectations with respect to price hikes in the products.
Watch the accompanying video of CNBC-TV18’s Mangalam Maloo for more details.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!

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