Monnet Ispat & Energy is currently trading at Rs 329.00, down by 56.85 points or 14.73% from its previous closing of Rs 385.85 on the BSE.
The scrip opened at Rs 384.00 and has touched a high and low of Rs 389.70 and Rs 308.70 respectively. So far 477072 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 560.55 on 27-Apr-2012 and a 52 week low of Rs 305.00 on 16-Dec-2011.
Last one week high and low of the scrip stood at Rs 391.90 and Rs 378.05 respectively. The current market cap of the company is Rs 2144.37 crore.
The promoters holding in the company stood at 49.49% while Institutions and Non-Institutions held 38.79% and 11.72% respectively.
Supreme Court has upheld the Jharkhand high court’s order regarding the cancellation of mining leases of six private mining companies, which were allotted by the Sibhu Soren government. These six mining companies namely are Monnet Ispat Energy, Prakash Ispat, Adhunik Alloys and Power, Abhijeet Infrastructure and JSW Ispat.
Validating the rights of government to reserve mines for public sector unit, the Supreme Court has seconded the cancelation orders of mining leases at Ghatkuri hills in Jharkhand by its government.
Earlier in the month, Union Rural Development Minister Jairam Ramesh averred that mining leases of the private companies for the Saranda Range in Jharkhand should be cancelled, and no further lease should be issued to any of these companies, on background of Maoists privately keeping a hold on these companies, in order to collect huge levies.
Company Name | CMP |
---|---|
JSW Steel | 919.70 |
Tata Steel | 183.05 |
SAIL | 153.65 |
Jindal Stainless | 815.60 |
Jindal Saw | 560.50 |
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