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Monnet Ispat surges on acquiring 25,000 ha Indonesian coal mine

24 Dec 2013 Evaluate

Monnet Ispat is currently trading at Rs. 144.75, up by 2.50 points or 1.76% from its previous closing of Rs. 142.25 on the BSE.

The scrip opened at Rs. 140.75 and has touched a high and low of Rs. 146.00 and Rs. 132.00 respectively. So far 2166 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 294.80 on 24-Dec-2012 and a 52 week low of Rs. 92.55 on 20-Aug-2013.

Last one week high and low of the scrip stood at Rs. 146.00 and Rs. 136.50 respectively. The current market cap of the company is Rs. 922 crore.

The promoters holding in the company stood at 50.16% while Institutions and Non-Institutions held 39.56% and 10.27% respectively. Monnet Ispat & Energy has acquired 25,000 ha Indonesian coal mine. The company will start developing the mine in April 2014. Initially, the Indonesian coal mine output seen at 2 mt per year.

Monnet Ispat & Energy 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
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