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Tata Investment Corporation gains on reporting 65% rise in Q1 consolidated net profit

Aug-07-2023   10:23 Hrs IST

Tata Investment Corporation is currently trading at Rs. 2555.55, up by 49.70 points or 1.98% from its previous closing of Rs. 2505.85 on the BSE.

The scrip opened at Rs. 2590.10 and has touched a high and low of Rs. 2595.55 and Rs. 2533.15 respectively. So far 5819 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2886.50 on 15-Sep-2022 and a 52 week low of Rs. 1460.65 on 05-Aug-2022.

Last one week high and low of the scrip stood at Rs. 2595.55 and Rs. 2453.00 respectively. The current market cap of the company is Rs. 12919.76 crore.

The promoters holding in the company stood at 73.38%, while Institutions and Non-Institutions held 2.09% and 24.52% respectively.

The company has reported 2.43% rise in its net profit at Rs 111.33 crore for first quarter ended June 30, 2023 as compared to Rs 108.69 crore for the same quarter in the previous year. However, total income of the company decreased by 2.79% at Rs 122.88 crore for Q1FY24 as compared Rs 126.41 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 64.63% rise in net profit at Rs 147.74 crore for the first quarter ended June 30, 2023 as compared to Rs 89.74 crore for the same quarter in the previous year. Total income of the company increased by 48.77% at Rs 151.86 crore for Q1FY24 as compared Rs 102.08 crore for the corresponding quarter previous year.