Shares of Tata Steel today rose by
nearly 5 per cent after the company said its saleable steel
production in the country rose 18 per cent to 5.98 million
tonnes (MT) in April-September this year.
The stock gained 4.73 per cent to settle at Rs 691.40 on
BSE. During the day, it jumped 5.10 per cent to Rs 693.90.
The scrip was the top performer among the 30-share index.
At NSE, shares of the company soared 4.60 per cent to end
at Rs 691.45.
The company's market valuation rose by Rs 3,030.87 crore
to Rs 67,149.87 crore.
In terms of equity volume, 6.30 lakh shares of the
company were traded on BSE and over 94 lakh shares changed
hands at NSE during the day.
Tata Steel yesterday said its saleable steel production
in the country rose 18 per cent to 5.98 MT in April-September
this year compared to 5.06 MT in the same period last year.
The saleable steel output in July-September quarter of
the current fiscal was at 3.02 MT (provisional) against
2.72 MT in the corresponding quarter of previous fiscal, Tata
Steel said in a statement.
"September quarter 2017-18 sales registered a volume
growth of 12 per cent quarter-on-quarter and 17 per cent
year-on-year," the statement said.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)