Bhushan steel up by 1%; Sahibad plant allowed to operate for 3 weeks

National Green Tribunal has allowed Bhushan Steel and Strips Sahibabad plant in Uttar Pradesh, which had been ordered to be closed for polluting the environment, to operate for three weeks

Bhushan Steel stock was up by 1% at Rs. 45. Report says that  National Green Tribunal allowed Bhushan Steel and Strips Sahibabad plant in Uttar Pradesh, which had been ordered to be closed for polluting the environment, to operate for three weeks. 

The scrip opened at Rs. 45.35 and has touched a high and low of Rs. 45.9 and Rs. 44.6 respectively. So far 268242(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1011.39 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 103.3 on 03-Mar-2015 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. 49.3 and Rs. 41.9 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 below its 200 DMA.