Shares of Tata Steel Ltd jump as much as 4.6 pct to their highest since February 2011.
Stock posts biggest intraday pct gain since Aug 14; top pct gainer on NSE index.
Germany's Thyssenkrupp AG said on Monday it may reach an agreement in principle in September to merge its European steel business with that of Tata Steel.
Up to Monday's close, Tata Steel stock has risen 69.4 pct this year.
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