Bhushan Steel slipped 1.70% to Rs 710 at 13:08 IST on BSE after the company said it is planning to set up a value added steel plant in Chennai with a production capacity of 0.5 million tonne per annum and total investment of about Rs 500 crore.
The stock hit a high of Rs 790 and a low of Rs 702.0 so far during the day. The stock had a 52-week high of Rs 1730 on
The company’s current equity is Rs 42.47 crore. Face value per share is Rs 10.
The current price of Rs 710 discounts its Q3 December 2007 annualized EPS of Rs 70.23, by a PE multiple of 10.11.
Bhushan Steel’s net profit rose 4% to Rs 74.57 crore on 1.8% fall in net sales to Rs 982.73 crore in Q3 December 2007 over Q3 December 2006.
On
On 20 February 2008, Bhushan Steel signed a memorandum of understanding with Madhya Pradesh Trade and Investment Facilities Corporation for setting up of manufacturing facilities in the state at an investment of Rs 3000 crore.
Bhushan Steel makes cold rolled, galvanized and special steel and strips. It also produces angles and wire rods. The company's plants are located in Uttar Pradesh,
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