PSU stock to buy: Nagpur based manganese ore producer gets target price upgrade
Antique Stock Broking has upgraded the target price for MOIL Ltd, a leading manganese ore producer in India, to Rs 434, up from Rs 385. This revision reflects the Nagpur-based PSU’s positive volume growth prospects and increased FY27 volume assumptions by 3.8 per cent, leading to an expected 5.6 per cent boost in FY27 Ebitda. The domestic brokerage maintained its ‘Buy’ rating on the stock and said the heightened target multiple from 6 times to 6.5 times FY27E EV/Ebitda further underscores its confidence in MOIL’s continued growth trajectory.
Operational performance
MOIL’s impressive operational performance in the recent months of April and May 2025 has been a key driver for this target price increase. The company reported record ore…
