Monnet Ispat tumbles 25% in four sessions

Monnet Ispat & Energy tanked 16.16% to Rs 28.80 at 10:44 IST on BSE, with the stock extending recent slide on media reports that the company has filed for bankruptcy. Meanwhile, the S&P BSE Sensex was up 152.20 points or 0.49% at 31,208.60. The S&P BSE Small-Cap index rose 17.71 points or 0.11% at 15,684.95. On the BSE, 3.30 lakh shares were traded on the counter so far as against the average daily volumes of 1.11 lakh shares in the past one quarter. The stock had hit a high of Rs 34 and a low of Rs 27.50 so far during the day. The stock had hit a 52-week high of Rs 44.50 on 17 May 2017 and a 52-week low of Rs 19.25 on 9 December 2016. Future & Option Trading Tips

The stock had underperformed the market over the past one month till 16 June 2017, sliding 21.22% compared with the Sensex's 1.55% rise. The stock had also underperformed the market over the past one quarter, declining 1.01% as against the Sensex's 4.97% rise. The scrip had, however, outperformed the market over the past one year, advancing 45.55% as against the Sensex's 17.08% rise. The small-cap company has equity capital of Rs 200.77 crore. Face value per share is Rs 10. Shares of Monnet Ispat & Energy have declined 25.09% in four trading sessions to its ruling market price, from its closing of Rs 38.45 on 13 June 2017 on media reports that the company has filed for bankruptcy. Financial Astrology Tips