Tata Investment Corporation

Tata Investment Corporation Ltd on Tuesday reported a 12.55 per cent decline in consolidated profit after tax at Rs 34.74 crore for the third quarter ended December 31, 2022

If the deal goes through, Tata AMC and UTI AMC's combined entity could become the fourth-largest asset manager in India

Tata Chemical sees 25 per cent upside on Golden Cross breakout, while Tata Investment and Indian Hotels can surge up to 20 per cent each.

The shares of two Tata group companies have been on the upswing, touching new highs at the bourses

The share price of Tata Investment Corporation has zoomed 60%, while TRF has appreciated by 58 per cent in past one week on the BSE.

Tata Investment said the company aims to remain invested in leaders in sectors, which they believe have potential to remain value accretive over the medium and long term.

The company had posted a consolidated profit after tax of Rs 27.81 crore in the corresponding quarter of the previous financial year

The stock surged 8% to Rs 890 on BSE in early morning trade after it's board approved the share buyback at Rs 1,000 per equity share through tender offer.

The primary objective of a share buyback programme is to arrest the fall in the value of a stock by reducing the supply of the stock.