Multibagger PSU Mining Co Set To Consider Results On Feb 13, Hits 20% Upper Circuit

Mid cap public sector undertaking KIOCL Ltd shares today hit 20% upper circuit. The company a day before informed about its upcoming meeting of Board of Directors to be held on February 13 for considering financial results. Last trading price of KIOCL shares on BSE is Rs 481.20 apiece with intraday rally of 16.27% at the time of writing the story. KIOCL stock offered shareholders multibagger returns. In last 6-months, KIOCL shares jumped 127% and soared 144% in last 1-year. Check details below:

KIOCL To Consider Financial Results On Feb 13: As per the BSE filing of KIOCL dated Feb 6, 2024, "Pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is to inform that a Meeting of the Board of Directors of KIOCL Ltd. Is scheduled to be held on Tuesday, February 13, 2024 inter-alia to consider and approve the Un-Audited Financial Results of the Company for the quarter and nine months ended on December 31, 2023 for the FY 2023-24.

KIOCL Stock Performance & Return: The 52-week high price of KIOCL shares on BSE is Rs 520.00 apiece and 52-week low price is Rs 165.20 apiece, respectively. The company has a market capitalisation of Rs 29,190.29 crore. KIOCL shares soared 29% in last 2-weeks only, rallied 96% in last 2-years, and offered return of 268% in last 3-years.

About: KIOCL Limited (Formerly known as Kudremukh Iron Ore Company Limited), a Flagship Company under the Ministry of Steel, Govt. of India was formed on 2 April 1976 for mining and beneficiation of low-grade iron ore at Kudremukh, Karnataka, India. KIOCL has been a pioneer with over four decades of experience in operating Iron Ore Mining, Beneficiation and Iron-Oxide Pelletisation in the Country. KIOCL is having facilities to operate 3.5 MTPA Iron-oxide Pellet Plant, Blast Furnace Unit to manufacture 2.16 lakh tonnes per annum Pig iron at Mangaluru, Karnataka. KIOCL is an EoU and a profit making, continuous dividend paying Company with a positive net worth and Mini Ratna Category I PSU. It is headquartered at Bengaluru, Karnataka, according to its official website.

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