The stock went up by 2.63 per cent to settle at Rs 615.75 on the BSE. During the day, it gained 4.15 per cent to Rs 624.95 -- its 52-week high.
On the NSE, it rose by 2.73 per cent to close at Rs 616.45.
The company's market valuation went up by Rs 1,530.62 crore to Rs 59,802.62 crore.
The company had posted consolidated net loss of Rs 3,183 crore in the year-ago period, Tata Steel said in a filing to the BSE.
"Our sales were up by 28 per cent on a y-o-y basis as the smooth ramp-up of our Kalinganagar facility helped us increase our volumes and increase our market share," T V Narendran, Managing Director, Tata Steel India and South East Asia, said in a statement.
Consolidated revenue from operations during April-June was at Rs 30,973 crore, registering an increase of 19 per cent.