SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Monnet Ispat soars on plan to sell stake in Monnet Power

10 Mar 2015 Evaluate

Monnet Ispat and Energy is currently trading at Rs. 71.80, up by 6.20 points or 9.45% from its previous closing of Rs. 65.60 on the BSE.

The scrip opened at Rs. 68.50 and has touched a high and low of Rs. 74.60 and Rs. 68.25 respectively. So far 6,79,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 161.55 on 27-May-2014 and a 52 week low of Rs. 54.30 on 18-Feb-2015.

Last one week high and low of the scrip stood at Rs. 74.60 and Rs. 61.20 respectively. The current market cap of the company is Rs. 472.00 crore.

The promoters holding in the company stood at 48.59% while Institutions and Non-Institutions held 29.36% and 22.06% respectively.

In a bid to fuel expansion plans and future growth, Monnet Ispat and Energy (MIEL) is looking to sell some stake in its power generation subsidiary -- Monnet Power. MIEL, which holds 87.5 per cent stake in Monnet Power, is currently engaged in preliminary discussions with five-six power utilities, including a foreign firm, for strategic part-stake sale.

Rapid capacity expansion of Monnet Power, now setting up a 1,050 MW coal-based power plant at Angul in Odisha, is the primary objective for inducting the partner into the venture.

Monnet Ispat is engaged in the business of sponge iron, steel ingot & billets and coal mining.

JSW Ispat Special Share Price

38.97 0.00 (0.00%)
09-Aug-2023 18:01 View Price Chart
Peers
Company Name CMP
Tata Steel 212.05
JSW Steel 1239.90
SAIL 173.50
Jindal Stainless 787.90
APL Apollo Tubes 2105.45
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×