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| Discuss Ispat Industries at the Equities within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Could any body help me on this scrip? There is news of merger of Ispat ... |
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#1
16th May 2005, 01:50 PM
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Ispat Industries
Could any body help me on this scrip? There is news of merger of Ispat Metalics, 100% owned bt Mittal Bros, into Ispat Industries. Post merger, 8 shares of Ispat Industries will become 5 shares of the new entity, also to be known as Ispat Industries. What are the propspects? I am holding 50% of my portfolio in this scrip.
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#2
17th May 2005, 07:24 AM
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Re: Ispat Industries
please al so tell me what future u see of this .even my 50% portfolio is in steel iam holding 3000@25...kept averaging 28....24.....20.8
also any news of essar steel...holding 700@54 ..all my cash is blocked ...any advice
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#3
17th May 2005, 08:52 AM
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Re: Ispat Industries
Merger of LNM's Ispat with Indian Ispat Industries is certainely news to me.Where did you come across this bit ?
Should it happen it can give us fantabulous returns. Do let me know the source of this news Rgds Gaurav
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#4
19th May 2005, 10:08 PM
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Re: Ispat Industries
Hi sh50, joy_mitali and nksagar
I got into ISPAT at 30.00 and this is the only share in which I am having some loss now that it is quoting at 21-23 Rs. range. If long term trend ie. one to three year is good then I am prepared to wait. In that case is it advisable to average out. Thanks.
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#6
13th June 2005, 06:17 AM
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Re: Ispat Industries
Quote:
We will have to wait and analyze this stock after a week or two for signs of reversal.
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