The Nifty Metal index hit a new all-time high of 6,907 on Monday. The index closed at 6,886, up 163.25 points or 2.43% from the previous close.
advanced nearly 6% on the NSE to post its single-biggest jump in a week. The stock closed at ₹119.1. In the past three trading sessions, Tata Steel’s stock futures have seen a near 20% jump in open interest indicating build-up of fresh bullish bets.
Jefferies expects Tata Steel to hit ₹150 (from ₹95 earlier) and sees
testing ₹600 (from ₹390) this year.