Buy MOIL for short term: Centrum Wealth Management

In a chat with ET Now, G Chokkalingam, Executive Director & Chief Investment Officer, Centrum Wealth Management, shares his views on MOIL Ltd.

ET Now: Any short term idea that you may have for viewers?

G Chokkalingam: Short term fundamental, I would suggest MOIL India. The stock has come down a lot from IPO price. The manganese ore prices are bottomed in the company at Rs. 24 EPS. Its cap is 4000 crore, whereas the cash on book is around 2000 crore and at the worst of the time metal industry the company is doing quite well relatively. And recently, it has got around 608 hectare area for mining manganese ore in Maharashtra. So this stock I would strongly recommend for retail investors to make money in the short term itself.