The recent update on Tata Investment Corporation’s share
Tata Investment Corporation Limited experienced significant trading activity recently. However, due to market pressure, shares declined 2.73% today and closed at 5635.65.
The stock touched a 52-week high of Rs 6,100. It indicates robust performance.
A 53% increase in net profit during the December quarter was the primary driver behind the surge in Tata’s shares.
The company’s revenue growth also showed a significant uptick, increasing by 36.87% to reach Rs 51.6 crore in the latest quarter.
The company reported a 53% year-on-year growth in net profit (PAT) at Rs 53.2 crore in the December 2023 quarter.
The company’s EBITDA saw a 40% increase over the past year, reaching Rs 44.2 crore by the end of the third quarter.
Tata Investments stock has displayed strong performance metrics, with a year-to-date increase of 33.37% and an impressive 169% surge over the past year.
Tata Investment Corporation Ltd. was established in 1937 as the Investment Corporation of India and rebranded as Tata Investment Corporation Ltd.
The company operates as an affiliated entity under Tata Sons Private Limited.
The company specializes in listed and unlisted equity shares, debt instruments, and mutual funds across various industries.
The company also registers as a registered NBFC with the Reserve Bank of India (RBI) under the Investment Company category.
The company’s core business focus is long-term investments in equity shares and equity-related securities.
The company’s Revenue streams: Dividends, interest, and gains from the sale of investment securities form the bedrock of its financial income.
 The company’s Strategic Investment Sectors: Diversified portfolio includes investments in banking, cement, chemicals, energy, consumer goods, information technology, etc.
This is a comprehensive guide to Tata Investment Corporation Ltd’s share. The above-mentioned information and data are as of January 31, 2024. These figures and projections are based on our research, analysis, company fundamentals and history, experiences, and numerous technical analyses. In addition, we have discussed in depth the share’s prospects and growth potential. Hopefully, these details will be useful in your future investments. If you’re new to our website and want to stay up-to-date on the newest stock market news, join our Telegram group. If you have any further questions, please leave them in the comments section below. We will gladly address all of your inquiries. If you enjoyed this information, please share it with as many people as possible.
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