Oberoi Realty up 18% on buying Tata Steel's Mumbai land

Shares of Oberoi Realty on Wednesday jumped as much as 18.01 per cent to an intra-day high of Rs 234.50 on the BSE, after the company bought Tata Steel's 25-acre Borivali land parcel for Rs 1,155 crore. The share closed up 19.25 points, or 9.69 per cent, at 217.95 points. Shares of Tata Steel, too, touched an intra-day high of Rs 374.80 on the BSE, 2.20 per cent higher over its previous closing price, before ended up 7.60 points, or 2.07 per cent, at 374.30 points.