Tata Steel Long Products soars 10% as Tata Steel completes open market sale

For the July-September quarter, the company had reported a consolidated net profit of Rs 59.06 crore.

Shares of Tata Steel Long Products were locked in the upper circuit limit of 10 per cent at Rs 526.55 on the BSE on Tuesday, thus surging 14 per cent in the past four trading days after Tata Steel, the promoter company, completed its open market sale of equity shares of the company, as a step towards achieving minimum public shareholding. The stock had hit a 52-week high of Rs 533.50 on November 17, 2020.

“Tata Steel, the promoter company, has completed the open market sale of 451,000  equity shares of Tata Steel Long Products, during the period November 23, 2020,