Monnet Ispat up for 15th straight session; stock zooms over 100%

The stock locked in upper circuit for the 15th straight session, up 5% at Rs 45.85, surging 105% from Rs 22.30 since September 14, 2018 on the BSE.

Shares of Monnet Ispat & Energy have locked in upper circuit for the 15th straight session, up 5% at Rs 45.85 on the BSE.

Since September 14, 2018, the market price of Monnet Ispat & Energy has zoomed 105% from Rs 22.30, as the stock listed on the BSE after the Insolvency & Bankruptcy Code (IBC) proceedings. The shares were trading under the compulsory delivery segment — T Group. In comparison, the S&P BSE Sensex was down 10% during the same period.

Till 12:40 pm; a combined 74,003 equity shares changed hands and there were pending buy orders