Tata Investment Corp share price: As a result of the 1:10 stock split, the shares appeared to have crashed around 90%, while in reality, they simply adjusted to the corporate action.
The recent rally in the stock follows a four-month period of subdued performance. Between March and July, the stock dropped nearly 13 percent after soaring over 100 percent during January and February 2024.
The fundraise also saw participation from various domestic institutional investors such as mutual funds, corporate treasuries and pension funds.
After claiming last week that Tata Sons' listing was imminent, reports now say an IPO is improbable in near future and the company is exploring other options to adhere to RBI norms
Consolidated total income during the quarter under review stood at Rs 37.69 crore as against Rs 50.97 crore in the year-ago period.
Amit Dalal, executive director, Tata Investment Corp, says one needs to wait for consolidation in the market before making big bets.
In an interview with CNBC-TV8, Amit Dalal of Tata Investment Corp gave his readings and outlook for the markets.