Tuesday, 12 June 2018

Usha Martin hits 52-week high as board approves sale of steel business

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.


To Get Free Trial 
Missed call @ 9582541010 
Call Us @ 8822117117 
Mail Us = starindiamarket@gmail.com 
Visit = http://www.starindiaresearch.com/freetrail.php

No comments:

Post a Comment