Bhushan Steel slips on reverse turnaround in Q2

Bhushan Steel declined 2.15% to Rs 104.50 after the company reported net loss of Rs 297.19 crore in Q2

Bhushan Steel declined 2.15% to Rs 104.50 at 1138 hrs on BSE after the company reported net loss of Rs 297.19 crore in Q2 September 2014 as compared to net profit of Rs 60.06 crore in Q2 September 2013.

Total income rose 30.3% to Rs 2966.55 crore in Q2 September 2014 over Q2 September 2013.

The stock hit a high of Rs 107.20 and a low of Rs 101 so far during the day. The stock had hit a 52-week high of Rs 493.50 on 14 November 2014. The stock had hit a 52-week low of Rs 86.95 on 3 September 2014.

On BSE, so far 45,379 shares were traded in the counter as against average daily volume of 1.74 lakh shares in the past one quarter.