Tata Sons gained Rs 33,50,51,30,022 in just a single day as stock was locked at the upper circuit limit!

Locked at an upper circuit limit of 20 per cent at Rs 5,799.40. The stock's ascent marked a fresh 52-week high

In the tumultuous sea of market fluctuations, where indices struggled and investors sought refuge ahead of the impending Budget and US Fed policy outcome, there emerged a singular force that not only held its ground but soared to unprecedented heights. Amidst the ebb and flow of the trading day, Tata Investment Corporation Limited (TICL) stood as a beacon of resilience and success, achieving a feat that set it apart from the prevailing chaos.

As the Nifty embarked on a positive trajectory only to falter and succumb to losses, closing 215.5 points down at 21522, TICL defied the trend with remarkable prowess. In the waning hours of trading, when selling intensified and investors frantically slashed positions in anticipation of the Budget, TICL not only weathered the storm but surged to new heights, locking at an upper circuit limit of 20 per cent at Rs 5,799.40. The stock's ascent marked a fresh 52-week high on the Bombay Stock Exchange (BSE), a testament to its robust performance in the face of market turmoil.

Tata Investment Corporation Limited, a non-banking financial company with a rich history, was once known as The Investment Corporation of India. The company specializes in long-term investments, focusing on equity shares and equity-related securities. In a strategic move, it became a subsidiary of the esteemed Tata Sons Pvt Ltd. in February 2008. Today, Tata Sons, in collaboration with other Tata companies, commands an impressive 73.38 per cent stake in TICL's paid-up capital.

What stands out even more prominently is the commanding shareholding of Tata Sons Private Limited, holding a staggering 68.51 per cent of the company's paid-up capital, translating to 34,664,663 shares. The market rejoiced as TICL's stock gained Rs 966.55 per share on the BSE, propelling Tata Sons to an extraordinary gain of Rs 33,50,51,30,022 in a single trading day.

The numbers, however, only tell part of the story. TICL has proven to be a wealth generator, delivering multibagger returns of an impressive 174 per cent in the last year alone. Zooming out to a three-year horizon, the stock has witnessed a staggering surge of 460 per cent, painting a picture of sustained and remarkable growth.

Disclaimer: The article is for informational purposes only and not investment advice.