Tata Steel shares closed 10.8 per cent higher at Rs 164.7 on the back of a good set of numbers. According to the company, better price realisation, efficient cost control and management has helped more than double its consolidated net profits to Rs 4,703 crore during Q2FY09.
Tata Steel's sales grew 36 per cent to Rs 44,198 crore during the same period. The stock made an intraday high of Rs 166.3 and a low of Rs 150.8. The counter witnessed trading volumes of 76,09,968 shares, which is more than twice its two-week average.
