Tata Investment Corp Shares Surge 5%, Climbing Over 18% in the Last Five Days

Tata Investment Corp’s shares witnessed a 5% rise in Monday’s trading session, closing at ₹8,428 per share on March 4, compared to the previous close of ₹8,027 on March 1. Notably, the stock has experienced an impressive 18% surge over the last five trading sessions on the National Stock Exchange (NSE).

This marks the third consecutive upper circuit for Tata Investment Corp’s stock, indicating strong investor confidence and positive market sentiment. The recent surge follows the Union Cabinet’s approval of two semiconductor plant proposals by the Tata Group.

Tata Electronics, in collaboration with Powerchip Semiconductor Manufacturing Corp (PSMC) from Taiwan, is set to establish a cutting-edge semiconductor fabrication facility in Dholera, Gujarat, with an anticipated investment of ₹91,000 crore.

The Cabinet has also granted approval for the establishment of Tata Semiconductor Assembly and Test Pvt Ltd’s chip assembly and testing unit in Assam, involving an investment of ₹27,000 crore. This venture marks the Assam government’s entry into semiconductor packaging facilities in collaboration with the esteemed Tata Group.

Dr. Randhir Thakur, MD, and CEO of Tata Electronics, expressed pride in playing a significant role in strengthening the global semiconductor ecosystem. He highlighted the partnership with PSMC and emphasized the facility’s ability to meet global customers’ supply chain resilience needs while addressing growing domestic demand.

Tata Investment Corp has delivered impressive returns, exceeding 100% over the past three months. The stock has demonstrated remarkable growth, surging by over 240% in the last six months, 310% over the past year, and an exceptional 540% over the last two years. This consistent and substantial growth reflects the company’s strong performance and investor confidence.

In the third quarter of fiscal year 2024, Tata Investment Corp recorded a substantial 62% year-on-year increase in standalone net profit, reaching ₹24.08 crore. This significant surge from the previous year’s profit after tax of ₹14.85 crore highlights the company’s robust performance.

Investors continue to show confidence in Tata Investment Corp’s prospects, with the recent developments in the semiconductor sector further fueling positive market sentiment around the company.

Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.​​
Daily Index & Stock Option Research On Whatsapp
Show all Most Helpful Highest Rating Lowest Rating Add your review
  1. Fantastic site A lot of helpful info here Im sending it to some buddies ans additionally sharing in delicious And naturally thanks on your sweat

    Leave a reply

    Share Price India News