Tata Investment shares: Shares of Tata Investment increased 19% to Rs 5750 from the previous BSE close of Rs 4832.85. The company’s market value increased to Rs 28,688 crore. On the BSE today, it was the top gainer.
In short
- At Rs 4801, the stock opened higher.
- Tata Investment stock has experienced a remarkable 33.37% surge in the current year and an impressive 169% increase over the past twelve months.
- A total of 1.05 lakh shares of the company were traded on the BSE, resulting in a turnover of Rs 56.27 crore.
Tata Investment Corporation Ltd shares rose 19% to a record high in early trading today after the business reported a 53% increase in consolidated net profit in the third quarter compared to the same period last year. Net profit increased to Rs 53.2 crore in the December 2023 quarter, compared to Rs 34.5 crore in the December 2022 quarter. The Tata Group’s consolidated revenue from operations increased by 36.87 percent to Rs 51.6 crore in the fourth quarter, according to an exchange filing on January 23. Last year’s revenue was Rs 37.7 crore.
Shares of Tata Investment increased 19% to Rs 5750 from the previous BSE close of Rs 4832.85. The company’s market value increased to Rs 28,688 crore. On the BSE today, it was the top gainer. The shares opened higher, at Rs 4801. Tata Investment stock is up 33.37% this year and 169% in the last year. On the BSE, a total of 1.05 lakh shares of the firm changed hands, resulting in a turnover of Rs 56.27 crore.
Tata Investment shares rose 19% and reached a record high.
With a beta of 0.3, the stock shows little volatility for a year. From a technical standpoint, Tata Investment stock exhibits an RSI of 72, indicating its position in the overbought zone. Additionally, the stock surpasses the 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day moving averages in its current trading status. The company’s Earnings Before Interest Tax Depreciation and Amortization (EBITDA) increased by 40% to Rs 44.2 crore in the third quarter compared to the same period last year. EBITDA margins improved from 83.91% to 87.36% in Q3FY23. The Earnings Per Share (EPS) rose to Rs 10.5 in Q3, marking an increase from Rs 6.8 in the quarter ending December 2022.
Tata Investment Corporation is mainly focused on long-term investments, primarily in equity shares and equity-related securities. The company’s core activities involve investing in both listed and unlisted equity shares, debt instruments, mutual funds, and other securities across various industries.
