Tata Steel stock jumps over 4% amid heavy volumes, as China industrial output growth lifts metals

1 month ago

Other metal stocks were higher too, after China’s January-February industrial output expanded 7 percent.

March 18, 2024 / 01:00 PM IST

The Tata Steel price has gained almost 40 percent in the last year.

The Tata Steel price has gained almost 40 percent in the last year.

Tata Steel's share price jumped nearly 5 percent on March 18 amid heavy volumes and multiple large deals, buoyed by China’s robust industrial output growth. At 12.20 pm Tata Steel stock was at Rs 148.6, up 4.9 percent from the previous close.

Nearly 10 crore shares of Tata Steel have been traded today, which is more than double the last month's average. As much as 2.3 crore shares have been sold in bunches of large trades.

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Other metal stocks were higher too, after China’s January-February industrial output expanded 7 percent. That surpassed a Bloomberg estimate of a 5.2 percent growth. The Nifty Metal index was up 0.3 percent.

(This is a developing story, please stay tuned)

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