Tata Investment Corporation (NSE: TATAINVEST) hits the upper circuit on March 4, as the company gets approval for a chip manufacturing unit in Gujarat. This will be North India’s first semiconductor plant.
Shares of Tata Investment Corp gained nearly 20% in the last four trading sessions after the news release. The company has performed exceptionally well in the last two months generating over 100% returns.
In the last three weeks, the company managed to close above the previous high each week, which shows signs of strong momentum.
From trading at ₹576 in 2020 to crossing ₹8000 in 2024, Tata Investment has shown an impressive bull run soaring over 1300%.
About Tata Investment
Under the leadership of Sir Ratan Tata, Tata Investment comes under Non banking financial company (NBFC). The company’s main business involves investment activities like investing in other companies, raising funds for new projects, Investment management services, etc.
Incorporated in the year 1937, Tata Investment is headquartered in Mumbai, and a portfolio company of Tata Group.
Why share price of Tata Investment is rising?
As investors, it is important for us to know the exact reasons behind this rise in the stock price of Tata Investment Corporation.
Recently the company announced investment in a semiconductor plant, after which TATAINVEST’S shares started to rise. As the demand for Electrical vehicles and technology in general is rising, the use of semiconductor chips has increased.
India currently does not have any semiconductor plant, and most of the world like India depends on China for their chip needs. This investment might prove fruitful for Tata as there is a huge demand in domestic and international markets as well for semiconductor chips.
Tata Investment Swing Trading forecast
| Tata Investment Swing Trading Forecast | Target Price (₹) |
|---|---|
| Forecast 1 | ₹8321 |
| Forecast 2 | ₹8777 |
| Forecast 3 | ₹8800 |
| Forecast 4 | ₹9200 |
| Forecast 5 | ₹9600 |
TATA Invest Financial details
| Financial Metric | Value |
|---|---|
| Market Cap | ₹ 42,643.74 Cr. |
| No. of Shares | 5.06 Cr. |
| P/E Ratio | 152.4 |
| P/B Ratio | 1.81 |
| Dividend Yield | 0.6 % |
| Book Value (TTM) | ₹ 4,652.28 |
| Operating Revenue | ₹ 287.81 Cr. |
| Net Profit | ₹ 240.90 Cr. |
| Promoter Holding | 73.38 % |
Final words
TATAINVEST has a huge market share to capture with its semiconductor plant. Even though the stock is currently in the overbought zone, any correction in price should present an opportunity to accumulate.
As technology is evolving, Semiconductor chips will become an important part of our lives and this demand will help companies like Tata Technology will highly benefit from this.
As we are at the end of the article, swing traders can check Tata Investment’s weekly price forecast.
