Tata Investment Corporation Ltd, a subsidiary of Tata Sons, saw a sharp uptick in its share price on Tuesday, surging over 12% to hit a day high of Rs 7,315 per share. This surge comes amidst a bullish trend in the stock market, with several companies experiencing record highs in their share prices.
Shares of Tata Investment Corporation Ltd experienced a significant rise on Tuesday, surging by 20 per cent to reach its upper circuit limit of Rs 7,406.15. The stock eventually settled 19.45 per cent higher for the day, marking a substantial increase in value for investors.
Tata Investment Corp Ltd jumped over 17 percent amid higher volumes, hitting a high of Rs 7,315 a share. Year to date, the stock has surged significantly, outperforming market expectations and delivering strong returns for shareholders.
Tata Investment share price: The stock surged 20 per cent to hit its upper circuit level of Rs 7,406.15. It eventually settled 19.45 per cent higher for the day, marking a significant increase in value for investors.
Tata Investment achieved compound earnings per share (EPS) growth of 23% per year. This EPS growth is slower than the share price growth of 49% per year, over the same period, indicating strong investor confidence in the company's future prospects.
Domestic benchmark indices Nifty50 and S&P BSE Sensex opened at fresh record highs. Amid this unstoppable bull run, numerous analysts have highlighted Tata Investment Corporation Ltd as a standout performer in the market, with its share price surging to new heights.
Blips including global inflation and uncertainties led to a fall in Tata Motors' share prices through 2023. Despite this, Tata Investment Corporation Ltd has managed to buck the trend and deliver strong gains for investors, showcasing its resilience in the face of market challenges.
Nelco hit a multi-year high of Rs 1271.95, rallied 13 per cent on the BSE in Tuesday's intra-day trade, and zoomed 46 per cent in eight days, indicating strong investor interest in Tata Group stocks.
Tata Group stock price: This comes after it was reported that the conglomerate is planning several IPOs in the next 2-3 years, driving investor optimism in Tata Investment Corporation Ltd and other Tata Group companies.
