This Tata Group stock has jumped 34 per cent in just 4 weeks; do you own it?
This substantial leap of Rs 835.00 translates into an astonishing 33.75 per cent gain in a mere 4 weeks.
In a striking turn of events, Tata Investment Corporation Ltd has been making waves with an impressive 33.75 per cent surge in its share price over a mere 4-week period. This Tata Group entity is primarily involved in the business of investing in listed and unlisted equity shares, debt instruments, mutual funds, and more, spanning a wide spectrum of industries.
Tata Investment Corporation operates as a Non-Banking Financial Company (NBFC), duly registered with the RBI under the Investment Company category. It strategically allocates investments across both Tata and non-Tata companies, although Tata firms hold a significant share of the company's portfolio.
One of the standout achievements of Tata Investment is its remarkable Compound Annual Growth Rate (CAGR) of approximately 12.03 per cent over the last 15 years, surpassing the BSE 200 index's 9.97 per cent CAGR during the same period. Notably, the company has magnified its investments nearly fivefold during this timeframe.
With a substantial market capitalization of Rs 16,803 crore and a stock Price-to-Earnings (P/E) ratio of 54.5, Tata Investment Corporation is a force to reckon with. In the fiscal year 2023, the company reported net sales of Rs 31 crores and a net profit of Rs 20 crores.
As of the latest available data, the stock concluded Friday's trading session at Rs 3,309.00 per share, marking a significant ascent from its price of Rs 2,474.00 on September 7, 2023. This substantial leap of Rs 835.00 translates into an astonishing 33.75 per cent gain in a mere 4 weeks. Remarkably, the promoters of the company continue to hold a substantial 73 per cent stake as of June 2023.
Tata Investment Corporation Ltd's recent surge in value undoubtedly positions it as a notable player, making headlines for all the right reasons.
DSIJ's 'Large Rhino' service recommends blue chip stocks of Large Cap companies that have leadership positions in their category. If this interests you, do download the service details here.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
Related articles
-
145 per cent returns: This multibagger micro-cap company bags new order worth Rs 280 crore from The Tinplate Company of India Ltd!
-
Narayana Murthy’s aerospace and defence multibagger stock reports a 106 per cent jump in net profit; scrip jumps 8 per cent!
-
Hot Stock: This gems & jewellery company acquires assets of Ideal World- a major teleshopping brand in UK; scrip jumps 5 per cent!
-
45 per cent returns from its 52-week low: This micro-cap company receives order worth Rs 7.23 crore from overseas customer!
-
High ROE & high ROCE stock: This micro-cap energy company receives order worth Rs 100.2 crore; scrip jumps over 10 per cent!
-
Hot Stock: This microfinance company raises Rs 9,89,58,00,000 via public issue; scrip jumps over 4 per cent!
-
400 per cent returns: This multibagger heavy electrical equipment company receives order for 300 MW solar power plant from Ayana Renewable Power!
-
2,890 per cent returns in this multibagger stock; Board likely to announce stock spit after bonus shares!
-
FIIs bought 19,85,781 shares worth Rs 556 crore in this consumer durables stock; scrip jumps over 4 per cent!
-
Multibagger stock under Rs 50: This micro-cap company receives Rs 81,24,16,000 from stake sale in ANS Developers Pvt Ltd; scrip jumps over 4 per cent!
-
800 per cent returns: This multibagger micro-cap company receives orders worth Rs 9.93 crore from DLF Group!
-
Rs 35,195 crore order book: This multibagger civil construction company receives order worth Rs 144 crore from N F Railway Construction!
-
Stock under Rs 5: Keep an eye on this penny stock as it enters into joint venture with Indraprastha Gas Limited (IGL) to set up India’s first integrated smart meter manufacturing plant!
-
1,100 per cent returns: This multibagger small-cap company receives order worth Rs 19.34 crore from Bajaj Electricals Limited!
-
700 per cent returns: This small-cap company announced outstanding order book worth Rs 736 crore; share jumps over 3 per cent
-
Multibagger in just 6 months: This small-cap aerospace & defence company receives order worth Rs 160 crore from Government of India!
-
Multibagger penny stock under Rs 20: Board approves Rs 2,000 crore fund raise plan; share jumps over 3 per cent!
-
Multibagger in just 1 year; Board announced bonus shares!
-
Don’t miss action in this small-cap stock that announces issuance of convertible warrants on preferential allotment!
-
Penny stock under Rs 20: Don’t miss action in this micro-cap company that launches rights issue worth Rs 81.32 crore!