Bhushan Steel jumps 20%

 

Bhushan Steel Ltd stock has rallied 20% at Rs.69.80. ArcelorMittal is in race to acquire Bhushan Steel.

The stock has hit a high of Rs.69.80 and a low of Rs. 64.05.

Bhushan Steel Ltd is one of the prominent players in the Indian Steel industry. Backed with more than 27 years of experience, it is one of the India’s 3rd largest Secondary Steel Producing Company with an existing steel production capacity of 5.6 million ton per annum.