Shares of Bhushan SteelBSE -9.98 % Ltd remained under intense selling pressure so far in the month of August after CBI arrested Neeraj Singal, Vice Chairman and Managing Director of Bhushan Steel Ltd (BSL), in connection with Rs 50 lakh bribery scandal involving CMD of Syndicate BankBSE 0.86 % S K Jain.
The stock plunged 50 per cent in just seven sessions including Monday's 10 per cent intraday fall. The stock was locked in 10 per cent lower circuit at Rs 197.45 also its new 52-week low price.
The stock plunged 50 per cent in just seven sessions including Monday's 10 per cent intraday fall. The stock was locked in 10 per cent lower circuit at Rs 197.45 also its new 52-week low price.
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