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On Thursday Tata Steel intimated the schedule of analyst/institutional investor meeting under the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015. The meeting is scheduled for June 9. On Thursday, after a gap-up opening at ₹503, the stock surged to an intra-day high of ₹510. However, it declined on profit-taking and closed at ₹498.9 with a marginal gain of 1.6 per cent. The volume traded was extraordinary. A strong rally beyond ₹500 can push it higher to ₹510 once again.
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