Bhushan Steel is currently trading at Rs. 42.10, up by 0.85 points or 2.06% from its previous closing of Rs. 41.25 on the BSE.
The scrip opened at Rs. 41.75 and has touched a high and low of Rs. 42.50 and Rs. 41.75 respectively. So far 3,251 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 108.65 on 14-Nov-2014 and a 52 week low of Rs. 40.50 on 09-Nov-2015.
Last one week high and low of the scrip stood at Rs. 42.80 and Rs. 40.50 respectively. The current market cap of the company is Rs. 953.00 crore.
The promoters holding in the company stood at 59.05% while Institutions and Non-Institutions held 4.79% and 36.16% respectively.
Bhushan Steel has received an approval for sale and lease back arrangements of Cock Oven Plant -I and Oxygen Plant -V of the company situated at integrated steel plant, Meramandali in state of Orissa. The board of directors at their meeting held on November 14, 2015 has given an approval for the same.
Bhushan Steel, formerly known as Bhushan Steel & Strips, is one of the leading players in the steel industry with steel making capacity of 2.2 Million Tonnes Per Annum (MTPA).
