Today marked a historic milestone for Tata Investment Corporation Limited as its shares soared to unprecedented heights, crossing the Rs 10,000 mark for the first time.
The stock saw a massive surge of over 17.5 per cent on Tuesday, touching an intraday high of Rs 10,391.50.
From Monday's close of Rs 8,843 apiece, investors witnessed their holdings jump by a staggering Rs 1,548.50 per share. Nearly 4 million shares changed hands, significantly higher than the typical daily average.
Massive half-year jump
By the end of March 2025, Tata Investment Corp was trading around ₹6,232 apiece.
Today's rally meant that TATAINVEST stock has soared by more than 63 per cent in the past six months. That is a gain of more than Rs 4,000 per share!
The company recently announced its first-ever stock split in a 1:10 ratio, with the record date set for October 14.
Moreover, the upcoming Tata Capital IPO added to the overall positivity. Tata Investment Corp holds a 2.1 per cent stake in the group's NBFC arm.
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The stock split and the SEBI decision to uplift NBFC public offerings together seem to have lifted general investor sentiment over the outlook of Tata Investment Corp.
