Tata Steel has concluded the acquisition of 51% equity stake in Creative Port Development (CPDPL).

The stock had outperformed the market over the past one month till Sep. 18, 2018, rising 6.04% compared with the Sensex's 1.73% decline. It outperformed the market in past one quarter, gaining 8.78% as against 4.90% rise in the Sensex.

Shares of the company gained Rs 16.25, or 2.65%, to trade at Rs 629.75. The total volume of shares traded was 289,443 at the BSE (11.37 a.m., Wednesday).