The stock has slumped 7.7 percent on widening Q4 losses.
Bhushan Steel has slumped 7.7
percent to hit a fresh 52-week low on the BSE on the back of weak financial
performance by the company in Q4FY15.The company incurred a net loss of Rs. 361 crore in Q4FY15, as against a net loss of Rs. 19.57 crore in Q4FY14. Total income also declined by 3.8 percent to Rs. 2,427 crore from Rs. 2,524 crore.
The stock is now down 3.9 percent at Rs. 55.70. On the BSE counter, so far, 70,000 shares are traded, as against two-week daily average volume of 43,000 shares.
Meanwhile, the Sensex has added 23 points at 27,588.
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