Tata Steel-backed two stocks which are also under the umbrella of Tata Group witnessed steep selling pressure, falling by 5% each on June 4th. These are TRF Ltd and Tata Investment. Both the stocks have no analyst coverage, while one of them is set to deliver a robust dividend of Rs 28 per share. The return on equity is as high as 122%.
As per BSE data, Tata Investment has return on equity at 2.19%, while TRF has massive RoE of 122.08%.
TRF Share Price:
TRF shares froze at a 5% lower circuit to Rs 553.80 apiece on BSE with a market cap of Rs 609.46 crore. TRF is Tata Steel's penny stock. The stock's 52-week high and low of Rs 670 apiece and Rs 163.50 apiece respectively.
YTD, TRF shares emerged as a multibagger with gains of 119.02% on BSE.
In Q4FY24, the company reported a consolidated net profit of Rs 6.29 crore, down from Rs 13.28 crore in Q4FY23 and Rs 8.80 crore in Q3FY24. Its revenue on a consolidated basis shot up to Rs 38 crore in Q4FY24, as against Rs 28.77 crore in Q3FY24, but was down marginally from Rs 38.89 crore in Q4FY23.
TRF Limited, a Group Company of India's most respected business house - TATA, is a leader in the field of Engineered-to-Order, bulk material handling equipment, systems and allied services.
Incorporated in 1962 as Tata-Robins-Fraser Ltd. and re-christened as TRF Limited in 1994, the company is the most comprehensive provider of equipment and services to the infrastructure sectors of the economy such as Steel, Mining, Power and Ports, amongst others, using leading-edge technologies with customer-friendly service and credible performance.
The Company, with its long and extensive track record, manufactures the most comprehensive range of equipment and undertakes the execution of large projects on a turn-key basis related to Material Handling, Sizing and Mineral Processing. It also provides engineering and technology for Mini Blast Furnaces, Coal Dust Injection Systems for Blast Furnaces and Stamp Charging and Pushing Equipment for Coke Ovens. Armed with innovative initiatives and a customer-sensitive approach, the Company is forging ahead towards new horizons and enlarged footprints across India.
Tata Investment Share Price:
Tata Investment, the NBFC company of Tata Group in which Tata Steel also has a shareholding. This NBFC stock dipped by nearly 5% to hit an intraday low of Rs 6,101.85 apiece. On BSE, after market hours, the stock closed at Rs 6143.85 apiece, down by 4.4% with a market cap of Rs 31,084.99 crore.
Tata Investment is scheduled to deliver a Rs 28 dividend per share for FY24. The company fixed Wednesday, June 19, 2024, to Wednesday, June 26, 2024 (both days inclusive) for taking record of the Members of the Company for the 87th Annual General Meeting (AGM) and payment of dividend subject to tax deducted at source, if approved by the Members of the Company at the AGM.
Accordingly, the company added the dividend, if approved by the members at the ensuing AGM will be paid on or after Wednesday, July 10, 2024.
Accordingly, the company added the dividend, if approved by the members at the ensuing AGM will be paid on or after Wednesday, July 10, 2024.
Tata Investment's FY24 revenue surged to Rs 383.12 crore compared to Rs 277.16 crore in FY23. In the fiscal 2023-24, PAT surged to Rs 384.96 crore, also higher from Rs 251.75 crore in FY23.
Tata Investment funds a diversified portfolio of quoted and unquoted securities of companies, including Tata Companies, which are engaged in various businesses with a history of strong operating and financial performance.
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