Monnet Ispat & Energy dropped 2.27% to Rs 36.65 at 10:10 IST on BSE after the company reported net loss of Rs 459.52 crore in Q4 March 2017 higher than net loss of Rs 438.65 crore in Q4 March 2016.
The result was announced after market hours yesterday, 30 May 2017.Meanwhile, the S&P BSE Sensex was down 8.91 points, or 0.03%, to 31,155.57. The S&P BSE Small-Cap index was up 117.41 points, or 0.79%, to 15,041.75.
On the BSE, 13,216 shares were traded in the counter so far, compared with an average volume of 1.52 lakh shares in the past one quarter.
The stock had hit a high of Rs 37.50 and a low of Rs 35.05 so far during the day. The stock had hit a 52-week high of Rs 44.50 on 17 May 2017. The stock had hit a 52-week low of Rs 19.25 on 9 December 2016.
The stock had risen 2.04% to Rs 37.50 yesterday, 30 May 2017, ahead of the results.
The stock had underperformed the market over the past one month till 30 May 2017, sliding 0.66% compared with 4.15% gains in the Sensex. The scrip had, however, outperformed the market in past one quarter, gaining 11.28% as against Sensex's 8.41% gains. The scrip had also outperformed the market in past one year, gaining 68.92% as against Sensex's 16.59% gains.
The small-cap company has an equity capital of Rs 200.77 crore. Face value per share is Rs 10.
Monnet Ispat & Energy's total income fell 5.57% to Rs 389.19 crore in Q4 March 2017 over Q4 March 2016.
Established in 1994 by Chairman & Managing Director, Sandeep Jajodia, Monnet Ispat & Energy, has a de-risked business portfolio that encompasses manufacturing and marketing of sponge iron, steel and ferro alloys. MIEL is also engaged in mining of minerals like coal and iron ore.
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