MOIL: Strength from steel - Buy
This manganese ore maker will benefit from the positive outlook for infrastructure
Infrastructure investments and government policy geared towards reducing imports and encouraging exports bode well for the steel sector. Investors who want to bet on this can take an indirect exposure through State-owned MOIL, a manganese ore producer. It is a key ingredient in steel making; MOIL produces over half the country’s manganese ore and is the only high-grade ore producer in India. The c...
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