Tata Group Debt-free Stock Up 75% In 5 Yrs, Offering 3.68% Dividend Yield: Its Q1 Profit Up 66%: Buy?

Tata Investment Corporation Limited is a mid-cap Tata group stock that has been attracting investors' eyes because of its consistent bullish returns, both in the long-term and short-term period. However, its long-term returns are comparatively better than its short-term gains.

Tata Investment Corporation Limited - NSE

The current market price of Tata Investment Corporation Limited closed at Rs. 1,495.25/share on NSE, gaining marginally by 0.57%, till last traded on August 12. In the last 5 days the share price of this company has surged by 1.72% on NSE. In the last 1 month its share price has gained by 4.87%, and in the past 6 months, its stock price has gained by 4.11%. However, in the last 1 year, it has gained by 16.58%, and in the last 5 years, it has gained significantly by 75.51%. The 52-week high level of this stock is Rs. 1,733.90, and the 52-week low level of this stock is Rs. 1,179.

Midcap stock

It is a mid-cap stock with a market capitalization of Rs. 7,561 crore. At present, it is offering a Dividend Yield of 3.68%.

Tata Investment Corporation Limited (TICL) is a non-banking financial company. Earlier named The Investment Corporation of India, the company is primarily involved in investing in long-term investments such as equity shares and equity-related securities. The Company became a subsidiary of Tata Sons Ltd. in February 2008. Tata Sons, together with other Tata companies, holds approximately 73.38% of the paid-up capital of Tata Investment Corporation Limited. as on 31st March, 2019, as the company informs.

Invest with caution

We have been suggesting for a while to invest in stocks with caution as the markets have run-up too sharply. In fact, at higher levels it would be advisable to book profits and stay on the sidelines. Moving money partially to debt is also not a bad idea.  

Disclaimer

Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, and the author are not liable for any losses caused as a result of decisions based on the article. This article only incorporates the recent stock-related information about the companies.