Shares of Tata Steel on Friday rose by 4.5 per cent, adding Rs 1,661 crore to its market valuation, after the company reported a 12 per cent rise in its sales for the September quarter. The scrip surged 4.39 per cent to end at Rs 406.40 on BSE. During the day, it gained 4.7 per cent to Rs 407.60. On NSE, shares of the company went up by 4.55 per cent to close at Rs 406.55.
Led by the rise in the stock price, the company’s market valuation advanced by Rs 1,661.19 crore to Rs 39,470.19 crore.
The stock was the biggest gainer among the Sensex and Nifty components.
- Varun Gandhi Under Attack Over Defence Deals: Here’s How
- This Diwali, Let Blind Students Brighten Up your Homes With Candles & Diyas
- CBI Files Supplementary Chargesheet In Sheena Bora Murder Case
- Soha Ali Khan And Vir Das Starrer 31st October Audience Reaction
- Sahara Chief Subrata Roy’s Parole Extended Till November 28
- Simple Tips To Secure Your Debit Card From Fraudsters
- New Zealand & India Team Being Welcomed In Chandigarh
- Mumbai Call Centre Scam: All You Need To Know
- Jammu Kashmir Chief Minister Mehbooba Mufti Appeals To Police: Here’s What She Said
- Shocker From Ahmedabad: Find Out What Happened
- Bigg Boss 10 Day 3 Review: Celebs Fail To Do Well in First Task
- Airtel Offers 10GB Data At Rs 259 For New 4G Smartphone Users
- Aamir Khan Starrer Dangal’s Trailer Launched: First Impressions
- TMC Supporters Attack BJP Leader Babul Supriyo
- Sri Lankan Navy Apprehends 20 Indian Fishermen
In terms of volume, 17.69 lakh shares of the company were traded on BSE and over one crore shares changed hands on NSE during the day.
Tata Steel on Thursday said its sales rose by 12 per cent to 2.62 million tonnes (MT) in the quarter ended September 30, 2016.
The Mumbai-based firm had clocked sales of 2.33 MT in the same quarter of 2015-16 fiscal, it said in a regulatory filing.