MOIL net profit at Rs 588 cr; stock gains

MUMBAI: MOIL reported net profit of Rs 588.06 crores for year ended 2011 as compared to Rs 466.35 crores in the same period a year ago. Net sales were at Rs 1139.97 crores against Rs 969.39 crores last fiscal.

The stock was at Rs 359.75, up 0.49 per cent on the NSE. It touched a high of Rs 368.80 and low of Rs 358.10 in trade so far.