The stock pared all its gains and finally ended flat at Rs 1,341. The counter clocked volumes of 79,706 shares as compared to the two-week daily average traded volumes of 90,915 shares on the BSE.
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(Updated at 1037hrs)
Bhushan Steel has advanced as the company ties up with Sumitomo Metals, Japan's third largest steel producer.
The stock has opened at Rs 1,347 and soared to a high of Rs 1,354. The stock is now trading at Rs 1,351, up 1% from its previous close. The counter has clocked volumes of 9,273 shares on the BSE so far.
The company had signed two agreements with Sumitomo Metals for technical know-how and marketing for selling products from the Orissa plant.
