Bhushan Steel rose 5.05% to Rs 63.40 at 10:30 IST on BSE on media report that the company submitted final proposal for corporate debt restructuring programme.
Meanwhile, the S&P BSE Sensex was up 21.89 points, or 0.07% to 29,728.50.
On the BSE, 1.86 lakh shares were traded in the counter so far, compared with average daily volumes of 2.08 lakh shares in the past one quarter. The stock had hit a high of Rs 65.20 and a low of Rs 63 so far during the day.
The stock hit a 52-week high of Rs 65.20 on 10 April 2017. The stock hit a 52-week low of Rs 34.50 on 24 May 2016.
The stock had outperformed the market over the past one month till 7 April 2017, rising 10.94% compared with 2.69% rise in the Sensex. The scrip…
Read the full article at: http://www.business-standard.com/article/news-cm/bhushan-steel-spurts-on-report-of-loan-restructuring-117041000210_1.html