Bhushan Steel surges 3%; Q2 net loss at Rs. 733 crore

The Company posted a net loss of Rs. (7327.90) mn for the quarter ended September 30, 2015 where as the same was at net loss of Rs. (2971.90) mn for the quarter ended September 30, 2014.

Bhushan Steel Ltd stock was up by 3% at Rs. 42.The Company posted a net loss of Rs. (7327.90) mn for the quarter ended September 30, 2015 where as the same was at net loss of Rs. (2971.90) mn for the quarter ended September 30, 2014.

Total Income is Rs. 31780.00 mn for the quarter ended September 30, 2015 where as the same was at Rs. 29665.50 million for the quarter ended September 30, 2014.

The scrip opened at Rs. 41.75 and has touched a high and low of Rs. 42.7 and Rs. 41.75 respectively. So far 73989(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 934.37 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 110.35 on 13-Nov-2014 and a 52 week low of Rs. 40.5 on 09-Nov-2015. Last one week high and low of the scrip stood at Rs. 42.8 and Rs. 40.5 respectively.

The promoters holding in the company stood at 59.05 % while Institutions and Non-Institutions held 4.79 % and 36.16 % respectively.

The stock is currently trading above its 200 DMA.