The stock hit a 52-week high of Rs 33, up 12% on the BSE, rallied 65% in one week as compared to 1.8% rise in the S&P BSE Sensex. Shares of Usha Martin hit a 52-week high of Rs 33 per share, up 12% on the BSE after the company announced on Monday that its board has decided to explore the sale of its steel business. “The board of directors of the company decided to explore the sale of its steel business in order to achieve the objective of deleveraging the company,” Usha Martin said in a regulatory filing on Monday after the market hours.
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