 "Crude steel output in the first two months grew by 4.5 per cent to 16.4 million tonnes.")
Shares of ailing steel and auto ancillary companies Bhushan Steel, Monnet Ispat & Energy and Amtek Auto have rallied by up to 10%, extending their two-session long rally on BSE on the back of heavy volumes.
Amtek Auto rallied 10% for the second straight day, trading at Rs 30.85 on BSE. The stock of auto ancillary Company rallied 32% in the past three trading sessions from Rs 23.45 on July 19, after media report suggested that Bain Capital, TPG Capital DA Capital and Piramal Enterprises are in the fray to buy a stake in the debt-ridden Amtek Auto.
Amtek Auto rallied 10% for the second straight day, trading at Rs 30.85 on BSE. The stock of auto ancillary Company rallied 32% in the past three trading sessions from Rs 23.45 on July 19, after media report suggested that Bain Capital, TPG Capital DA Capital and Piramal Enterprises are in the fray to buy a stake in the debt-ridden Amtek Auto.
