Bhushan Steel shares surge 18%

Shares of Bhushan Steel surged over 18 per cent in Monday's trade after ArcelorMittal, the world's largest steel company, joined the bidding for stressed steel assets in the country by expressing interest to acquire Bhushan Steel. The stock rose 18.38 per cent to Rs 68.90 on BSE. It opened at Rs

BY Realty Plus
Published - Monday, 23 Oct, 2017

Shares of Bhushan Steel surged over 18 per cent in Monday's trade after ArcelorMittal, the world's largest steel company, joined the bidding for stressed steel assets in the country by expressing interest to acquire Bhushan Steel. The stock rose 18.38 per cent to Rs 68.90 on BSE. It opened at Rs 65 and touched intra-day high and low of Rs 69.80 and Rs 64.05, respectively, in the first hour of trade.