Tata Investment Corp zooms 20% to fresh record high on robust Q3 results

Tata Investment Corp's EBITDA margins climbed to 87.36 percent from 83.91 percent a year ago and the earnings per share (EPS) climbed to Rs 10.5 in Q3 FY24. In addition to the PAT, the holding company also realised profits of Rs 64.65 crore on the sale of equity investments credited to retained earnings in the balance sheet.

In the last one year, the Tata Investment Corp stock has risen 173.95 percent, nearly tripling investors' money. In comparison, the benchmark Nifty 50 has risen 23 percent during this period.

The stock has a one-year beta of 0.3, indicating low volatility. The stock is trading higher than the 5-day, 10-day, 50-day, 100-day, and 200-day moving averages.

Tata Investment Corporation is primarily involved in long-term investments such as equity shares and equity-related securities. It invests in a diversified portfolio of listed and unlisted securities of companies, including Tata Group companies, which are engaged in various businesses with a history of strong operating and financial performance.

Also Read | Tata Inv Corp Standalone December 2023 Net Sales at Rs 30.61 crore, up 23.88% Y-o-Y

Tata Investment Corp also invests in debt instruments and mutual funds, and other companies across industries.

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