SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Bhushan Steel rises on the buzz of hiking Steel prices by 5% from September

26 Aug 2013 Evaluate

Bhushan Steel is currently trading at Rs. 461.00, up by 0.70 points or 0.15% from its previous closing of Rs. 460.30 on the BSE.

The scrip opened at Rs. 460.00 and has touched a high and low of Rs. 462.00 and Rs. 460.00 respectively. So far 8264 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 505.84 on 12-Oct-2012 and a 52 week low of Rs. 420.82 on 09-Jan-2013.

Last one week high and low of the scrip stood at Rs. 479.00 and Rs. 445.15 respectively. The current market cap of the company is Rs. 10431.04 crore.

The promoters holding in the company stood at 70.72% while Institutions and Non-Institutions held 4.53% and 24.74% respectively.

Bhushan Steel, reportedly is likely to hike steel prices by 5% from September 2013. The Steel price hike would be in the range of Rs 1500 to 2000 per tonne. The fall of profit may be the one reason of this price hike. The company has reported 62.98% fall in its net profit at Rs 76.26 crore for the first quarter ended June 30, 2013 as compared to Rs 205.97 crore for the same quarter in the previous year.

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).

 

Tata Steel BSL Share Price

85.55 0.00 (0.00%)
12-Nov-2021 18:01 View Price Chart
Peers
Company Name CMP
Tata Steel 211.65
JSW Steel 1274.85
SAIL 172.50
Jindal Stainless 789.80
APL Apollo Tubes 2141.55
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×