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Tata Steel Ltd. shares dropped 2.28% to 171.50 Indian rupees Thursday, on what proved to be an all-around dismal trading session for the stock market, with the BSE SENSEX Index falling 1.44% to 71,593.24.

Tata Steel Ltd. closed 23.57% short of its 52-week high of 224.40 rupees, which the company achieved on May 15th.

The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Pennar Industries Ltd. fell 5.37% and Sarda Energy & Minerals Ltd. fell 1.58%. Steel Authority of India Ltd. fell 4.62%.

Trading volume totaled 1.4 million, compared to the 50-day average of 1.4 million.

Data source: Dow Jones Market Data, FactSet