Bajaj Steel shares tumble 8 percent

By SiliconIndia   |   Wednesday, March 31, 2010
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Bangalore: The Bajaj Steel stock was among the top losers of the day after its price went down by over eight percent. After starting the day at Rs. 282, the stock touched its intra-day high of Rs. 288.40, before sliding down and closing at Rs. 258.60, down 8.15 percent over its previous close of Rs. 281.55. Through the day, 48,055 shares of Bajaj Steel were traded in the market with the current P/E ratio of the stock at 4.20. The 52 week stock price chart is on the left. Bajaj Steel Industries is an India-based company that operates in two business segments: steel division and plastics division. The products manufactured by the company include ginning machine, cotton ball opener, cotton baling press, cotton pre-cleaner, lint cleaner, auto feeder, cotton seed delinting machine, decorticator, hull beater, cotton seed cleaner and linter cleaner. In addition, the company also offers humidification systems, various components, parts and turnkey projects for cotton ginning and pressing plants, and parts manufacturing for automobile and ordinance factories.
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