ALSO READTata Motors shares continue their smooth drive; up over 2% Tata Steel shares surge over 8% on Q4 numbers, market cap up by Rs 3,531 cr More gains ahead for steel stocks Tata Motors shares dive over 8% after Q1 earnings Steel stocks in focus as Tata Steel posted good sales, production in Q2FY18
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.
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.
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