Tata Investment Corporation gains on reporting 7% rise in Q2 consolidated net profit
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Tata Investment Corporation is currently trading at Rs. 2368.25, up by 17.05 points or 0.73% from its previous closing of Rs. 2351.20 on the BSE.
The scrip opened at Rs. 2351.80 and has touched a high and low of Rs. 2407.80 and Rs. 2331.80 respectively. So far 5185 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. 1218.00 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 2426.05 and Rs. 2288.00 respectively. The current market cap of the company is Rs. 11982.23 crore.
The promoters holding in the company stood at 73.38%, while Institutions and Non-Institutions held 1.78% and 24.83% respectively.
Tata Investment Corporation has reported results for second quarter ended September 30, 2022.
The company has reported rise of 28.93% in its net profit at Rs 86.19 crore for Q2FY23 as compared to Rs 66.85 crore for the corresponding quarter previous year. Total income of the company increased by 18.27% to Rs 96.02 crore for the quarter under review as compared to Rs 81.19 crore for the same quarter in the previous year.
On the consolidated basis, the company has reported rise of 6.71% in its net profit at Rs 107.36 crore for the quarter under review as compared to Rs 100.61 crore for the same quarter in the previous year. Total income of the company increased by 20.23% to 107.05 crore for the quarter under review as compared to Rs 89.04 crore for the same quarter in the previous year.
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