Shares of Tata Steel today rose by

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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.)