MOIL- Multiyear Breakout
MOIL : CMP -₹ 244.20
Manganese Ore India Ltd is India's largest manganese ore mining company having more than 50% of market share. A zero debt company with high promoter holdings. Production for the last few months are on peak. Profit is increasing on last 3 quarters. Electric vehicle revolution will bring a rapid positive change in the growth of this company. Stock is near it's 5 year high. Resistance trend line already broken out. Technically looking very good.
Manganese Ore India Ltd is India's largest manganese ore mining company having more than 50% of market share. A zero debt company with high promoter holdings. Production for the last few months are on peak. Profit is increasing on last 3 quarters. Electric vehicle revolution will bring a rapid positive change in the growth of this company. Stock is near it's 5 year high. Resistance trend line already broken out. Technically looking very good.
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