At close, the stock of the company was quoted at Rs 431.55, up 4.62 per cent on BSE.
During the day the stock had risen by 4.94 per cent to touch an intra-day high of Rs 432.90. The stock saw a spurt in volumes by more than 2 times.
Following the uptick in the counter the market capitalisation of the company improved by Rs 1,850 crore to Rs 41,912.80 crore.
Tata Steel yesterday pledged to stay in Britain with a 10-year commitment to a one-billion-pound investment plan as part of crucial talks with steelworkers' unions to save thousands of jobs in the UK.
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The future of its UK business will remain contingent on a solution being achieved to the pension scheme.
The company has termed the agreement between Tata Steel UK and the unions as an important step forward in the journey to develop a "sustainable future for our UK steel business".
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