206% Gain In 1-Yr: Tata Stock Jumps 9.82% Today, Paid Rs 48/Share Dividend In 2023

Tata Group mid cap company Tata Investment Corporation Ltd shares gained 9.82% in trade today on BSE. Current market price of Tata Investment Corporation shares on BSE is Rs 6424.00 apiece. Tata Investment Corporation shares offered return of 41% in last 1-month only and soared 160% in last 6-months. The company has a market capitalisation of Rs 32,502.42 crore. Check details below:

Tata Investment Corporation Shares Performance & Return: The 52-week high price of Tata Investment Corporation shares on BSE is Rs 6725.00 apiece and 52-week low price is Rs 1735.00 apiece, respectively. Tata Investment Corporation shares offered shareholders attractive returns over the years. In last 3-months, Tata Investment Corporation shares gained 48%, zoomed 206% in last 1-year, rallied 360% in last 2-years, and offered return of 500% in last 3-years. The scrip surged 660% in last 5-years. Tata Investment Corporation shares hit fresh 52-week high today witnessed spurt in volume by more than 4.34 times.

Tata Investment Corporation Dividend History: Tata Investment Corporation announced 28 dividends since September 4, 2000. In the last 12 months period, Tata Investment Corporation shares announced an equity dividend amounting to Rs 48.00 per share. If the current share price of Rs 6424.00 is taken into consideration, Tata Investment Corporation offers dividend yield of 0.75%, according to Trendlyne.

Tata Investment Corporation Technical Analysis: The stock'sRSI is 71.1, RSI above 70 is considered overbought. This implies that stock may show pullback, according to Trendlyne. The Day Momentum score is 69.9. If the score is 69.93, stock is technically moderately strong. Stocks with score between 60 and 70 are considered as technically Moderately Strong, added Trendlyne data.

Tata Investment Corporation Financials: The company declared its quarterly results on January 29, 2024. It announced a jump of 53% on-year in its consolidated net profit to Rs 53.2 crore for the quarter ended December 2023. The company informed its revenue from operations jumped 36.87% on year to Rs 51.6 crore and EBITDA soared 40% on-year to Rs 44.2 crore for the quarter under consideration. Its EBITDA margins rallied to 87.36% from 83.91% an year ago. Meanwhile, earnings per share (EPS) rose to Rs 10.5 in Q3 FY24.

About: Tata Investment Corporation Limited was promoted by Tata Sons Ltd., in 1937, under the name The Investment Corporation of India Limited. The Company remained a closely held company till 1959, when it became one of the few publicly held investment companies listed on the Stock Exchange, Mumbai. During the 1960s and 1970s the Company's activities underwent a gradual transformation from assisting in the establishment of new ventures, to acting as an investment company with a diversified portfolio of investments, according to its official website.

Disclaimer:

The stock highlights the rally in shares and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.