Tata Investment Corporation surges on Tata sons' promoter acquiring stake

Tata Investment Corporation is currently trading at Rs. 773.00, up by 35.65 points or 4.83% from its previous closing of Rs. 737.35 on the BSE.

The scrip opened at Rs. 710.00 and has touched a high and low of Rs. 773.00 and Rs. 674.00 respectively. So far 238 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1025.00 on 11-Feb-2020 and a 52 week low of Rs. 660.00 on 13-Mar-2020.

Last one week high and low of the scrip stood at Rs. 773.00 and Rs. 662.20 respectively. The current market cap of the company is Rs. 3410.12 crore.

The promoters holding in the company stood at 73.38%, while Institutions and Non-Institutions held 4.86% and 21.75% respectively.

Tata sons’ promoter-- N. Chandrasekaran, Executive Chairman of Tata Sons has acquired 10,000 equity shares of Tata Investment Corporation at an average price of Rs 698.36 (excluding brokerage and STT) per share on March 16, 2020.

Tata Investment Corporation was formed to work as an Investment Corporation for investments in land acquisition of stocks, debentures etc. in India or elsewhere and for business of underwriting of new leave space business and also for taking over the management and control of companies.

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