details

Peer companies

;

Share Market News

Monnet Ispat & Energy is currently trading at Rs. 13.29, up by 0.29 points or 2.23% from its previous closing of Rs. 13.00 on the BSE.The scrip opened at Rs. 13.37 and has touched a high and low of Rs. 13.37 and Rs. 12.64 respectively. So far 3230 shares were traded on the counter.The BSE group `B` stock of face value Rs. 10 has touched a 52 week high of Rs. 35.00 on 05-Mar-2019 and a 52 week low of Rs. 8.10 on 09-Oct-2019.Last one week high and low of the scrip stood at Rs. 14.00 and Rs. 12.64 respectively. The current market cap of the company is Rs. 624.03 crore.The promoters holding in the company stood at 74.35%, while Institutions and Non-Institutions held 19.02% and 6.63% respectively.Monnet Ispat and Energy has restarted integrated operations at the Raigarh Plant with effect from March 02, 2020. The company has completed the necessary modifications of plant and machinery for manufacturing special steel products apart from general maintenance of the Raigarh Plant.Monnet Ispat and Energy is a holding company. The company is engaged in the business of conducting coal mining operations and manufacturing coal-based sponge iron and various other steel/iron-based products.

Monnet Ispat & Energy is currently trading at upper circuit of Rs. 17.40, up by 1.58 points or 9.99% from its previous closing of Rs. 15.82 on the BSE.The scrip opened at Rs. 16.78 and has touched a high and low of Rs. 17.40 and Rs. 16.00 respectively. So far 302634 shares were traded on the counter.The BSE group `B` stock of face value Rs. 10 has touched a 52 week high of Rs. 42.75 on 08-Jan-2019 and a 52 week low of Rs. 8.10 on 09-Oct-2019.Last one week high and low of the scrip stood at Rs. 17.40 and Rs. 12.85 respectively. The current market cap of the company is Rs. 817.01 crore.The promoters holding in the company stood at 74.35%, while Institutions and Non-Institutions held 19.78% and 5.87% respectively.Monnet Ispat and Energy has entered into a Share Purchase Agreement (SPA) with Champak Corporate Services, to sell and transfer the entire equity shareholding held by the Company in non-operative, non-material and non-core subsidiaries -- Monnet Sports Foundation and Chomal Exports. Pursuant to execution of the SPA and transfer of shares, the following companies would cease to be subsidiaries of the Company. Monnet Ispat and Energy is a holding company. The company is engaged in the business of conducting coal mining operations and manufacturing coal-based sponge iron and various other steel/iron-based products.

Monnet Ispat & Energy is currently trading at Rs. 15.82, up by 1.43 points or 9.94% from its previous closing of Rs. 14.39 on the BSE.The scrip opened at Rs. 15.40 and has touched a high and low of Rs. 15.82 and Rs. 14.40 respectively. So far 227605 shares were traded on the counter.The BSE group `B` stock of face value Rs. 10 has touched a 52 week high of Rs. 42.75 on 08-Jan-2019 and a 52 week low of Rs. 8.10 on 09-Oct-2019.Last one week high and low of the scrip stood at Rs. 15.82 and Rs. 12.85 respectively. The current market cap of the company is Rs. 742.82 crore.The promoters holding in the company stood at 74.35%, while Institutions and Non-Institutions held 19.78% and 5.87% respectively.Monnet Ispat and Energy has entered into a Share Purchase Agreement (SPA) with Champak Corporate Services, to sell and transfer the entire equity shareholding held by the company in non-operative, non-material and non-core subsidiaries -- Monnet Sports Foundation and Chomal Exports. Pursuant to execution of the SPA and transfer of shares, the following companies would cease to be subsidiaries of the Company.Monnet Ispat and Energy is a holding company. The company is engaged in the business of conducting coal mining operations and manufacturing coal-based sponge iron and various other steel/iron-based products.

Monnet Ispat & Energy is currently trading at Rs. 36.30, down by 1.20 points or 3.20% from its previous closing of Rs. 37.50 on the BSE.The scrip opened at Rs. 37.15 and has touched a high and low of Rs. 37.50 and Rs. 35.05 respectively. So far 22082 shares were traded on the counter.The BSE group `B` stock of face value Rs. 10 has touched a 52 week high of Rs. 44.50 on 17-May-2017 and a 52 week low of Rs. 19.25 on 09-Dec-2016.Last one week high and low of the scrip stood at Rs. 39.90 and Rs. 35.05 respectively. The current market cap of the company is Rs. 729.79 crore.The promoters holding in the company stood at 25.27%, while Institutions and Non-Institutions held 53.44% and 21.29% respectively.Monnet Ispat & Energy reported a net loss of Rs 459.52 crore for the quarter ended March 31, 2017 as compared to a net loss of Rs 438.65 crore for the same quarter in the previous year. Total income of the company decreased by 5.58 % at Rs 389.19 crore for quarter under review as compared to Rs 412.17 crore for the quarter ended March 31, 2016. For the year ended March 31, 2017, the company has posted a net loss of Rs 1733.86 crore as compared to a net loss of Rs 1704.74 crore in FY16. Total income of the company decreased by 33.02% at Rs 1408.62 crore for year under review as compared to Rs 2103.12 crore for the year ended March 31, 2016. For the year ended March 31, 2017, on the consolidated basis, the company has posted a net loss of Rs 2132.32 crore as compared to a net loss of Rs 1917.36 crore in the previous year. Total income of the company decreased by 33% at Rs 1412.37 crore for year under review as compared to Rs 2107.91 crore for the year ended March 31, 2016.

The Exchange has sought clarification from Monnet Ispat & Energy on January 19, 2017 with reference to news appeared in Business Standard dated January 19, 2017 quoting ‘JSW Steel, Blackstone in talks to buy Monnet Ispat’.The above information is a part of company’s filings submitted to BSE.

Monnet Ispat & Energy has submitted a copy of disclosure as per Regulation 52(5) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.The above information is a part of company’s filings submitted to BSE.

With reference to the news appeared in Financial Express stating, ‘Lenders seek to sell 51 per cent in Monnet Ispat and Energy’, Monnet Ispat & Energy has submitted a copy of clarification.The above information is a part of company’s filings submitted to BSE.

The Exchange has sought clarification from Monnet Ispat & Energy on April 28, 2016 with reference to the news appeared in Financial Express stating, ‘Lenders seek to sell 51 per cent in Monnet Ispat and Energy’.The above information is a part of company’s filings submitted to BSE.

Monnet Ispat & Energy has informed about Quarterly Statement on Investor Complaints / Grievances Redressal Mechanism for the Quarter ended March 31, 2016, under Regulation 13(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.The above information is a part of company’s filings submitted to BSE.

Monnet Ispat & Energy has submitted a copy of Newspaper advertisement for results of postal ballot published in newspapers on March 27, 2016.The above information is a part of company’s filings submitted to BSE.

Monnet Ispat & Energy has informed about the details of voting results at the of Postal Ballot of the Company held on March 25, 2016, under Regulation 44(3) of SEBI (LODR) Regulations, 2015.The above information is a part of company’s filings submitted to BSE.

Monnet Ispat & Energy has informed about the details of voting results at the Extra Ordinary General Meeting (EGM) of the Company held on December 21, 2015, under Regulation 44(3) of SEBI (LODR) Regulations, 2015, along with Scrutinizers Report.The above information is a part of company’s filings submitted to BSE.