Bajaj Steel shares rise 12 percent

Bangalore: Bajaj Steel stock was among the top gainers after its price went up by 12 percent. After opening the day at Rs. 220, the stock touched its 52 week high of Rs. 248.40, before closing trade at Rs. 217.75, with a gain of 11.96 percent. Through the day, 27774 Bajaj Steel shares were traded in the market with the current P/E ratio of the stock at 5.36. The 52 week stock price chart is on the left.

Bajaj Steel Industries is an India-based company. The Company 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. Currently, 37 analysts are following the stock, 13 out of them are recommending to buy the stock and 11 are recommending to hold the stock. The consensus recommendation is that the stock will outperform.