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MOIL receives approval for joint venture with MPSMCL

after close1 source ↓written by the desknot a recommendation

communicated
29 Jan 2026

MOIL Limited has received regulatory approval from the Ministry of Steel for its joint venture with Madhya Pradesh State Mining Corporation Limited (MPSMCL) to enhance manganese ore mining operations in Madhya Pradesh. This approval, communicated on 29 Jan 2026, is a significant step in MOIL's expansion strategy.

The joint venture aims to capitalize on the growing demand for manganese, potentially boosting MOIL's market position and operational capacity in the region.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 1 Feb 2026, 16:03 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

MOIL closed −5.4% on the day of the news, from ₹347.00 to ₹328.35; Nifty +1.1% over the same session.

Bulletin at 16:03 IST on 1 Feb 2026. Every change is measured from ₹347.00, the last close before it, on 1 Feb. Nifty 50 is measured over the same sessions.

  • MOIL close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
MOIL closes around the bulletin against the close before the news, with Nifty 50 rebased to it305.08347.00388.92axis spans 27%before the news · 1 Feb347.00Nifty 50MOILbulletinD0+1+3+527 Jan5 Feb16 FebReference close ₹347.00. 16 sessions from 27 Jan to 16 Feb; the price axis spans 27 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before1 Feb₹347.00basebase
On the day2 Feb₹328.35▼ −5.4%▲ +1.1%−6.4 pp difference
+1 session3 Feb₹329.75▼ −5.0%▲ +3.6%−8.6 pp difference
+3 sessions5 Feb₹323.65▼ −6.7%▲ +3.3%−10.0 pp difference
+5 sessions9 Feb₹314.20▼ −9.4%▲ +4.2%−13.7 pp difference
Gap at the open, % · ₹
▲ +1.0%+3.44 on 2 Feb
Day's range, % · ₹
8.7%≈ 30 high to low
Volume on the day
1.23×the 20-session average
Futures OI on the day
—
Futures OI open, lots
—
Futures premium, ₹
—
Puts per call, by OI
—
Max pain
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