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Published: February 22, 2024
Updated: February 22, 2024

Tata Investment Corporation: Shares Surge by over 5% - Let's delve into a Phenomenal Journey of Growth

Witnessing an impressive surge, Tata Investment Corporation Ltd showcased a remarkable gain of 9.82% in today's trading session on the Bombay Stock Exchange (BSE). Currently priced at Rs 6424.00 per share, the company has demonstrated an extraordinary return of 41% in the past month alone and a staggering 160% over the last six months. With a market capitalization of Rs 32,502.42 crore, Tata Investment Corporation continues to captivate investors with its stellar performance.

A Tale of Returns:

Tata Investment Corporation shares have consistently delivered attractive returns to its shareholders over time. In the last three months, the stock surged by 48%, while over the past year, it soared by an impressive 206%. Looking further back, the company's shares rallied by 360% in the last two years and an impressive 500% over the last three years. The upward trajectory extends to a remarkable 660% surge over the past five years, highlighting its robust growth trajectory.

Diving into Details:

The stock hit a fresh 52-week high today, accompanied by a significant surge in trading volume. The 52-week high and low prices stand at Rs 6725.00 and Rs 1735.00 per share, respectively. Additionally, Tata Investment Corporation has a history of rewarding its shareholders through dividends, with the most recent equity dividend amounting to Rs 48.00 per share in the last twelve months, translating to a dividend yield of 0.75% based on the current share price.

Technical Insights:

Analyzing the technical aspects, the stock's Relative Strength Index (RSI) currently stands at 71.1, indicating an overbought condition. This suggests a potential for a pullback in the near term. Moreover, with a Day Momentum score of 69.9, the stock is considered technically moderately strong, reinforcing investor confidence in its performance.

Financial Fortitude:

Tata Investment Corporation recently announced its quarterly results for December 2023, showcasing robust financial performance. The company reported a 53% year-on-year increase in consolidated net profit, reaching Rs 53.2 crore. Notably, revenue from operations surged by 36.87% to Rs 51.6 crore, while EBITDA witnessed a remarkable 40% growth to Rs 44.2 crore. EBITDA margins also improved to 87.36%, reflecting the company's operational efficiency. With earnings per share (EPS) rising to Rs 10.5 in Q3 FY24, Tata Investment Corporation continues to strengthen its financial position.

Tata Investment Corporation's journey of growth and resilience stands as a testament to its commitment to delivering value to its shareholders. With a track record of impressive returns, strong technical indicators, and robust financial performance, the company remains poised for continued success in the dynamic market landscape.