Monnet Ispat

NSE Announcements on Monnet Ispat

Posted by : MMB Messenger
Price when posted : [Monnet Ispat - BSE:Rs. 149.00 NSE:Rs. 148.10 when posted]

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Monnet Ispat Ltd had informed the Exchange regarding the approval by the Board of Directors for Buyback of Equity Shares of the Company at their meeting held on October 23, 2008. Further the Company has submitted a copy of the Public Notice published on October 25, 2008 in terms of regulation 5(A) of SEBI (Buy Back of Securities) Regulations, 1998. A copy of the notice and the extracts of the minutes of the meeting of the BoDs shall be available on the NSE website (http://www.nseindia.com) under Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...

Result Analysis

Posted by : Suresh27
Price when posted : BSE: Rs 157.35 ( 4.93 % ), NSE: Rs. 157.30 ( 4.87 % )

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Monnet Ispat has declared excellent results in the second quarter Jul-Sep 08 quarter Total Income is up by 52.52% to Rs 4,016.6 million as compared to Rs 2,633.5 mn for the same period last year. Net profit is up by 68.6% to Rs 620.1 million in the second quarter-08 as compared to Rs 367.8 mn for the same period last year. As compared to first quarter Apr-Jun 08 the Total Income is up by 4.71% but Net Profit is down by 11.82%.

Net profit is up by 59.78% for half yr ended Sep-08 to Rs 1,323.3 million as compared to Rs 828.2 mn for the same period last year. Total Income is up by 56.54% for half year ended Sep-08 to Rs 7,849.6 million as compared to Rs 5,014.4 mn for half yr ended Sep-07
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The EPS for half year ended is Rs 26.87 (Rs 22.95 last year). The EPS for FY-09 should be around Rs 53. At current market price of Rs 157, the PE is 2.96.
...

BSE Announcements on Monnet Ispat

Posted by : MMB Messenger
Price when posted : [Monnet Ispat - BSE:Rs. 175.00 NSE:Rs. 177.20 when posted]

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Monnet Ispat Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 23, 2008, inter alia, has taken the following decisions:

1. Proposal to buy back shares. The salient features of the buy back are as below:

a. The maximum limit of buy back shall be Rs 750 million which is 7.02% of the paid-up capital & free reserves.

b. The Company will buy back minimum 500000 shares.

c. The maximum buy back price is Rs 300/- which is at a premium of 188.56% & 188.73% on the basis of closing prices on October 22, 2008 on BSE & NSE respectively.

2. Setting UP of two new Projects as below

a. Pelletization / Benefitiation plant for iron Ore of 1.2 million TPA, and

b. Additional Power capacity of 75 MW at Raigarh along with the ongoing steel project....

BSE Announcements on Monnet Ispat

Posted by : MMB Messenger
Price when posted : [Monnet Ispat - BSE:Rs. 175.00 NSE:Rs. 177.20 when posted]

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Monnet Ispat Ltd has informed BSE about the unaudited financial results for the Quarter ended Sep 30, 2008....

NSE Announcements on Monnet Ispat

Posted by : MMB Messenger
Price when posted : [Monnet Ispat - BSE:Rs. 175.00 NSE:Rs. 177.20 when posted]

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Monnet Ispat Ltd has informed the Exchange that following decisions were taken by the Board in the meeting held on October 23, 2008:- 1) Proposal to buy back shares. The salient features of the buy back are as below: a) The maximum limit of buy back shall be Rs. 750 million which is 7.02% of the paid-up capital & free reserves. b) The Company will buy back minimum 500000 shares. c) The maximum buy back price is Rs. 300/- which is at a premium of 188.56% & 188.73% on the basis of closing prices on October 22, 2008 on the BSE and NSE respectively. 2) Setting up of two new Projects as below: a) Pelletization/Benefitiation plant for Iron Ore of 1.2 million TPA, and b) Additional Power capacity of 75MW at Raigarh along with the ongoing steel project....

monnet ispat

Posted by : mangoos
Price when posted : BSE: Rs 158.00 ( -0.69 % ), NSE: Rs. 175.95 ( 10.70 % )

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buy steel like monnet ispat gujnre ispat sail etc guys good move after 1.30...