Monnet Ispat and Energy zooms over 9 per cent
Shital Jibhe / 19 Jan 2017
Monnet Ispat and Energy's stock price has zoomed by over 9 per cent on reports suggesting that JSW Steel, Synergy Capital and Blackstone are in discussion to own a stake in the company.
Monnet Ispat and Energy's stock price has zoomed by over 9 per cent on reports suggesting that JSW Steel, Synergy Capital and Blackstone are in discussion to own a stake in the company.
The spike in Monnet Ispat's stock price has been with a huge spurt in volumes by over 4.68 times. Meanwhile, the bourses have asked the company to clarify on this news about the company.
In the last one year, the stock has given a return of 6.72 per cent. The 30-day SMA of the stock stands at Rs 23.21. The stock has gained 39 per cent from its 52-week low.
Goldman Sachs Mutual Fund is the only fund house invested in the stock.
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