Tata Investment Corporation Share Price (Image Source: iStockphoto, TN Digital)
On Friday, Tata Investment Corporation's shares witnessed a significant surge, climbing 565.10 points or 14.46 per cent from the previous day's close, settling at Rs 4,474. According to BSE analytics, the company's shares have delivered impressive returns, with a 37.17 per cent gain in the last month, a substantial 103.39 per cent increase over the past six months, and an 89.66 per cent return over the previous year.
Several market analysts are optimistic about the potential rise in Tata Investment Corporation's share prices, attributed to the anticipated Tata Technologies IPO. This initial public offering includes an offer for sale (OFS) of up to 60.9 million shares.
The key details of the OFS reveal Tata Motors parting with 11.4 per cent stake, equivalent to 4.63 crore shares. Additionally, Alpha TC Holdings is set to offload a 2.4 per cent stake, amounting to 97.17 lakh shares, while Tata Capital Growth Fund I plans to divest its 1.2 per cent stake, representing 48.58 lakh shares.
Tata Motors: According to BSE analytics, a 28.45 per cent return was reported over the past six months and a remarkable 59.14 per cent increase in the past year. The company's shares closed at Rs 675 on Monday, approaching its 52-week high of Rs 687.65, a notable rise from its low of Rs 375.20.
TCS: The IT giant's shares closed at Rs 3,520 on Monday, up 17.55 points from the previous day. Over the last six months, TCS shares have seen a steady increase of 9.24 per cent, and a modest year-over-year gain of 5.31 per cent.
Tata Power: The shares witnessed a slight downturn, closing at Rs 260.75 on Monday, a decrease of 1.90 points or 0.72 per cent from the previous day. Despite this, the company has shown a 26.70 per cent return over the last six months and an 18.3 per cent increase over the past year, with its 52-week share price fluctuating between Rs 135 and Rs 101.55.
Tata Steel: The shares closed at Rs 124.25 on Monday, a minor drop of 0.95 points or 0.76 per cent from the previous day's closing. Over the last six months, Tata Steel's shares have delivered a return of 7.52 per cent, and over the past year, they have increased by 17.96 per cent.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. TN NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)