Tata Investment Corporation’s stock jumped to an all-time high on Tuesday, up 20%, after the business reported a significant increase in net earnings for the third quarter of FY24.

According to an exchange report, Tata Investment’s consolidated net profit increased 53.2% YoY to Rs. 53.2 crore in the October-December period.

Tata Investment Shares

At the time of writing, the shares were trading at Rs. 5,794 per share after reaching the upper circuit.

Tata Investments’ Q3 Highlights and Stock Performance 

Tata Investment’s Q3 results also showed a 34.2% YoY revenue rise, totaling Rs. 50.6 crore.

Tata Investment’s shares rose 20% in response to this news, reaching their all-time high since their debut on July 2, 1997.

Over the last year, the stock has increased by an amazing 158%. The small-cap investment company’s market capitalization is Rs. 22,987 crore.

Tata Investments trade volume and relative strength index 

Tata Investments’ trading volume for the day was 13 times its 30-day average, indicating strong investor interest.

The relative strength index (RSI) was at 82.92, indicating that the stock was overbought. The index monitors the rate and change of price movements.

As investors continue to react to the company’s strong Q3 earnings, it will be interesting to observe how the stock performs in the coming days.

Tata Investment Corp’s EBITDA margins increased to 87.36 percent from 83.91 percent a year ago, while earnings per share (EPS) increased to Rs 10.5 in the third quarter of FY24. In addition to the PAT, the holding company made Rs 64.65 crore in gains from the sale of equity interests, which were recorded as retained earnings on the balance sheet.

Tata Investment Corp.’s stock price has increased by 173.95 percent in the last year, virtually tripling investors’ money. In comparison, the benchmark Nifty 50 has climbed 23% throughout this time.

The stock’s one-year beta is 0.3, indicating modest volatility. The stock is trading above the 5-day, 10-day, 50-day, 100-day, and 200-day moving averages.

Tata Investment Corporation specializes in long-term investments, such as equity shares and equity-linked instruments. It invests in a diverse portfolio of publicly traded and unlisted stocks of companies, including Tata Group entities, that operate in a variety of industries and have a track record of good operational and financial success.