India's Bajaj Steel Industries plunges on Q1 profit drop

Bajaj Steel Industries

24/07/2025 07:32

** Shares of Bajaj Steel Industries BJST.BO fall 6.5% to 602 rupees

** The heavy machinery maker's Q1 consol net PAT drops 79% to 74 mln rupees ($857,136.24), revenue falls 23.7%

** Stock set to fall most in a session since Feb 18

** More than 58,000 shares traded, 4.5x its 30-day moving average

** Shares changed hands most since May 30

** YTD, BJST down ~29%

($1 = 86.3340 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru)

((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))