📈 Tata Investment Share Price Surges on Wednesday 📈
On Wednesday, Tata Investment Corporation’s shares witnessed a sharp rise. The company’s stock soared by 15% to reach an intraday high of ₹875.3 and closed at ₹6,725. In the past five days, the stock has surged by 17%. Tata Investment Corporation has emerged as one of the top performing stocks in the Indian stock market, delivering a multi-bagger return of 103% in the calendar year 2023. So far this year, the stock is up by 51.21%.
On Friday (February 23, 2024), the share was trading at ₹6,881 with a 1.38% decline. Tata Investment Corporation is a non-banking financial company managed by Tata Sons. It is registered under the category of investment companies with the Reserve Bank of India. The company’s business involves investing in listed and unlisted equity shares, corporate debt instruments, and mutual funds.
Over the past decade, the stock has surged from ₹406 per share to ₹6,476, giving investors a remarkable return of nearly 1,400%. In the December quarter, the company reported a consolidated net profit of ₹53 crore, marking a 51.42% increase on an annual basis. Operating income rose by 34.21% to reach ₹51 crore, compared to ₹38 crore in the same quarter of the previous financial year.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
