Shares of Tata Investment Corporation have more than doubled in nearly three months. The stock hit a fresh all-time high today despite a correction in the ...
RECOMMENDED The company also invests in units of mutual funds, bonds, and venture capital funds. Its primary sources of income consist of dividends, interest, and gains on the sale of long-term investments. Sales zoomed 96.32 per cent from Rs 51.94 crore in Q4 of the previous fiscal. Total expense climbed 88.4 per cent YoY to Rs 11.17 crore in Q1 June 2022. The counter may touch the levels of Rs 3,000 in near to medium term." Profit before tax climbed 70.19 per cent YoY to Rs 97.28 crore in Q1 June 2022. There is a small retracement expected to Rs 2,299 levels which can be a good point to accumulate. "A very strong uptrend in financials led by Nifty Bank due to expectations of milder interest rate hikes has led to an excellent rally even in the NBFC space including Tata Investment Corporation. In a year, the stock has risen 100 per cent and gained 88 per cent in 2022. The share of Tata Group's NBFC arm has zoomed 47 per cent in the last five sessions. The stock hit a fresh all-time high today despite a correction in the broader market.
Stocks to buy today: The Indian market declined by around half per cent after firm opening on Thursday. Get more Markets News and Business News on Zee ...
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The rally in the shares of Tata Investment Corporation Ltd continued as the stock hit fresh new high for the third straight session on Thursday.
While there are many stocks that have raked up massive gains in the recent past, Tata Investment Corporation Limited (NS: TINV ) seems to be in a different ...
For those who have stayed out of the rally and want to enter, unfortunately, they have missed the bus! This should give a clear indication of the kind of panic-buying situation that is currently going on for the stock. Today, the stock soared and hit a 20% upper circuit at INR 2,621.3, and delivered a total rally of over 43% in the three sessions alone. In fact, the free cash flow position of the company has also improved noticeably, from INR 85.69 crores in FY21 to INR 122.34 crores in FY22. Consequently, the net income has also grown 39.15% to INR 214.26 crores in the same period. [TINV ](/equities/tata-investment-corporation)) seems to be in a different league.
Mumbai: After higher-than-expected retail inflation numbers in the US and India, interest rate hikes are now expected from the central banks of both the ...
Besides, the stock has gained around Rs 1,200 in six months, which is around 100 percent return. The stock has returned more than 40 percent in the last five days. The Tata stock has given investors a whopping 33% return in the two days between Tuesday (September 13) and Wednesday (September 14).