Tata Group stock Tata Investment Corporation (TICL) rallied over 11 per cent to hit its record high of ₹9,100 apiece on Wednesday, September 24. This comes after an 11.8 per cent surge in the previous session. In two sessions, the stock has soared 25 per cent.
The stock rallied after the company secured shareholder approval for its previously announced stock split. The firm has approved the subdivision of each fully paid-up equity share of face value ₹10 into 10 fully paid-up equity shares of ₹1 each. The company has set Tuesday, October 14, 2025, as the record date for this corporate action.
“…we wish to inform you that the Company has fixed Tuesday, October 14, 2025, as the ‘Record Date’ for the purpose of determining the eligibility of shareholders for subdivision of existing 1 (one) equity share of face value of Rs. 10/- (Rupees Ten Only) each fully paid up into 10 (ten) equity shares of face value of Re. 1/- (Rupee One Only) each fully paid up,” Tata Investment Corporation said in a regulatory filing post-market hours on September 22.
On August 4, 2025, Tata Investment Corporation announced that its board had approved the subdivision of its existing equity shares, each with a face value of ₹10, into ten fully paid-up equity shares of ₹1 each (1:10 ratio), subject to shareholder approval and regulatory clearances.
For the first quarter ended June 30, 2025 (Q1 FY26), Tata Investment Corporation (TICL) reported a consolidated profit after tax (PAT) of ₹146.3 crore, up 11.6 per cent from ₹131.07 crore in the same quarter last fiscal, driven primarily by higher dividend income.
Consolidated total revenue from operations during the quarter stood at ₹145.46 crore, compared with ₹142.46 crore in Q1 FY25. Total expenses were slightly higher at ₹12.15 crore, up from ₹11.77 crore in the year-ago period.
With the stock hitting a record high today, it has now surged 77 per cent from its 52-week low of ₹5,147.15, hit in February 2025.
In the last one year, Tata Investment Corporation stock price has risen 17 per cent, while it has added 33 per cent in the last three months and 30 per cent in the last one month.
However, in the past five years, the scrip has given multibagger returns, soaring over 1000 per cent.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.