Maithan Alloys bought a total of 17,54,196 shares of MOIL on 23 and 24 April. MOIL is trading at All Time High and all valuation parameters, be it PE. EV/EBITDA and PB is much higher than their respective 5Y mean numbers. Since Maithan understands Manganese, I suppose they know better. I took a tracking position in Maithan Alloys recently betting on their investments but after seeing their investment in MOIL, perhaps we can expect the company’s core business also do well.
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