Ispat Industries

#1
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.
 
#3
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
 

pkjha30

Well-Known Member
#4
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.
 

pkjha30

Well-Known Member
#5
Dear Traderji
Will you shed some light on ispat. Shall I cut my losses and exit or remain invested for long and average out.

Thanks pankaj
 

Traderji

Super Moderator
#6
pkjha30 said:
Dear Traderji
Will you shed some light on ispat. Shall I cut my losses and exit or remain invested for long and average out.

Thanks pankaj
Ispat Industries is in a downtrend which it began after it closed below 26.60 on 15th April 2005.

We will have to wait and analyze this stock after a week or two for signs of reversal.
 

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