Tata Technologies: On Monday, shares of Tata Investment Corporation continued their incredible rally for the second day in a row, rising more than 15% to reach a 52-week high. The price of a Tata Investment share on the BSE surged by 15.79% to a new high of ₹4,521.90 per share.
The price of Tata Investment shares increased 20% on November 17. Within a week, the stock gained almost 40%, and so far this year, it has increased by over 112%.
Ahead of Tata Technologies’ initial public offering (IPO), which is scheduled to begin on November 22, there has been a surge in the share price of Tata Investment Corporation. Tata Investment Corporation is a promoter group company of the major automaker, and Tata Technologies is a subsidiary of Tata Motors.
As a non-banking financial company (NBFC), Tata Investment Corporation owns shares in Trent, Tata Consultancy Services (TCS), Tata Steel, Tata Consumer Products, Tata Chemicals, and Tata Elxsi, among other Tata Group companies.
Vaibhav Goyal’s appointment as general manager was announced by Tata Investment Corporation on November 17.
Chart accountant and chartered financial analyst Vaibhav Goyal is. He has over 15 years of experience in the Indian equity market, working in a variety of important sectors in different positions. In addition, he has over five years of fund management experience, Tata Investment Corporation stated in a regulatory filing.
In the second quarter of FY24, the company reported a net profit of ₹113.24 crore, up 31.38% from the corresponding quarter in the previous fiscal year (₹86.19 crore).
