This BSE500 stock zooms 19% amid flat benchmark indices; stock has jumped 550% in 5 years

Shares of Tata Group non-banking financial company (NBFC) rallied as much as 18.6% to ₹6,207.20 apiece on the BSE. Last seen, the stock was trading at ₹5999.95, up ₹766.40, or 14.64%.

The company's market capitalisation stood at ₹30,359.20 crore.

Earlier named The Investment Corporation of India, Tata Investment Corporation is primarily involved in investing in long-term investments such as equity shares and equity-related securities.

Tata Investment Corporation was promoted by Tata Sons Pvt Ltd. in 1937, under the name The Investment Corporation of India Limited. The company remained a closely held company till 1959, when it became one of the few publicly held investment companies listed on the Stock Exchange, Mumbai.

During the 1960s and 1970s, the company’s activities underwent a gradual transformation from assisting in the establishment of new ventures to acting as an investment company with a diversified portfolio of investments, per the company's official website.

TICL became a subsidiary of Tata Sons in February 2008. Tata Sons, together with other Tata companies, holds approximately 73.38% of the paid-up capital of TICL, the company's website says.

TICL is managed by a well-qualified Board of Directors, headed by Noel Tata as Chairman and F. N. Subedar as Vice Chairman.

TICL has been rated by CRISIL since 1994 and has been assigned their highest rating of ‘AAA’ (pronounced triple A), representing the highest safety in payment of interest and principal amount, whose rating has been reaffirmed from year to year and is valid to date.

TICL acquired a 95.57% stake in Simto Investment Co. Ltd. (Simto) on August 31, 2012, following which Simto became a subsidiary of TICL.

Tata Investment Corporation share price trend

Shares of the company have rallied over 550% in the past five years; however, the stock's one-year return has been listless.

The scrip price has gained just 5% over the past 12 months.

Tata Investment Corporation Q3 FY25 Results

On a consolidated basis, TICL reported a net profit of ₹19.61 crore, down 63% against ₹53.24 crore logged in the corresponding quarter of the previous fiscal year.

Total revenue from operations dropped by 92.6% to ₹3.71 crore from ₹50.55 crore registered in the year-ago period.

Total income for the quarter under review came in at ₹3.80 crore, down 92.6% from ₹51.62 crore in the December 2023 quarter.

Total expenses increased to ₹9.48 crore, up 25.3% against ₹7.56 crore reported in the year-ago period.