Wednesday, 17 December 2014

Tata Steel spurts on nod for Odisha mining

Tata Steel spurted to a high of Rs. 401 in opening trades this morning after the company received a relief order on its mining activity from the Odisha government.

According to reports, the Odisha government has allowed mining in Bamberi, Katamati, east & west Joda mines.

The stock is now up 1.6 per cent at Rs. 396. The counter has seen trades of around 217,000 shares as against the two-week daily average volume of around 811,000 shares on the BSE.

Meanwhile, the BSE Sensex is now down 100 points at 26,682.

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