Meanwhile, the BSE Sensex was down 41.37 points, or 0.27% to 15,337.97.
On BSE, 1,593 shares were traded in the counter as against average daily volume of 6,202 shares in the past one quarter.
The stock hit a high of Rs 369 and a low of Rs 361.05 so far during the day. The stock had hit a 52-week low of Rs 305 on 16 December 2011.
The stock had hit a 52-week high of Rs 621.25 on 24 January 2011.
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The stock has gained 5.72% in the two trading sessions from Rs 342.40 on Friday, 16 December 2011, after the company announced during trading hours on Monday, 19 December 2011, that the board of directors will meet on Thursday, 22 December 2011 to consider a proposal of buyback of its own shares.
The stock had underperformed the market over the past one month till 19 December 2011, falling 6.79% compared with Sensex's 6.06% decline. The scrip had also underperformed the market over the past one quarter, declining 26.84% as against Sensex's 8.16% fall.
The mid-cap firm has equity capital of Rs 64.34 crore. Face value per share is Rs 10.
Monnet Ispat's net profit rose 17.3% to Rs 76.94 crore on 27.1% growth in net sales to Rs 458.55 crore in Q2 September 2011 over Q2 September 2010.
Monnet Ispat's principal activities include manufacturing and marketing of sponge iron, steel and ferro alloys. It is also engaged in mining of mineral assets like coal and iron ore and is also involved in the generation of power for captive consumption.
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