This Tata Group stock has jumped 34 per cent in just 4 weeks; do you own it?

This substantial leap of Rs 835.00 translates into an astonishing 33.75 per cent gain in a mere 4 weeks.

In a striking turn of events, Tata Investment Corporation Ltd has been making waves with an impressive 33.75 per cent surge in its share price over a mere 4-week period. This Tata Group entity is primarily involved in the business of investing in listed and unlisted equity shares, debt instruments, mutual funds, and more, spanning a wide spectrum of industries.

Tata Investment Corporation operates as a Non-Banking Financial Company (NBFC), duly registered with the RBI under the Investment Company category. It strategically allocates investments across both Tata and non-Tata companies, although Tata firms hold a significant share of the company's portfolio.

One of the standout achievements of Tata Investment is its remarkable Compound Annual Growth Rate (CAGR) of approximately 12.03 per cent over the last 15 years, surpassing the BSE 200 index's 9.97 per cent CAGR during the same period. Notably, the company has magnified its investments nearly fivefold during this timeframe.

With a substantial market capitalization of Rs 16,803 crore and a stock Price-to-Earnings (P/E) ratio of 54.5, Tata Investment Corporation is a force to reckon with. In the fiscal year 2023, the company reported net sales of Rs 31 crores and a net profit of Rs 20 crores.

As of the latest available data, the stock concluded Friday's trading session at Rs 3,309.00 per share, marking a significant ascent from its price of Rs 2,474.00 on September 7, 2023. This substantial leap of Rs 835.00 translates into an astonishing 33.75 per cent gain in a mere 4 weeks. Remarkably, the promoters of the company continue to hold a substantial 73 per cent stake as of June 2023.

Tata Investment Corporation Ltd's recent surge in value undoubtedly positions it as a notable player, making headlines for all the right reasons.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.