Metal stock zooms 18% even as BSE sheds nearly 600 points, NSE slipped below 25,900

Shares of Rathi Steel and Power Ltd (RSPL) surged over 18 per cent on a day when stock markets witnessed pressure amid fresh foreign fund outflows. The metal stock started the trading session with a slight gain at Rs 24.60 against the previous close of Rs 24.49 on the BSE. However, it picked up momentum towards the end of the session and surged to hit an intraday high of Rs 28.94, representing a gain of 18.21 per cent. It held firmly in green and ended the session at Rs 28.19 or 15.11 per cent higher.  

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