52-Week High: Multibagger Tata Group Stock Rallies 22% In 1-Week, Net Jumps 53%

Tata Group mid cap company Tata Investment Corporation Ltd shares hit 20% upper circuit yesterday and traded fresh 52-week high today after the company reported healthy Q3 results. Current market price of Tata Investment Corporation shares on BSE is Rs 5502.65 apiece with intraday fall of 5.12%. Tata Investment Corporation shares zoomed 118% in last 6-months only and rallied 78% in last 3-months. The company has a market capitalisation of Rs 27,840.82 crore. Check details below:

Tata Investment Corporation Stock Performance & Return: The 52-week high price of Tata Investment Corporation shares on BSE is Rs 6100.00 apiece and 52-week low price is Rs 1735.00 apiece, respectively. Tata Investment Corporation share witnessed gain of 159% in last 1-year, soared 272% in last 2-years, and surged 432% in last 3-years. In last 5-years, the scrip rallied 546%. Tata Investment Corporation stock gained 22% in last 1-week and rose 30% year-to-date.

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.