Tata Investment Corporation to Announce Q2 Results, Completes 1:10 Stock Split

Tata Investment Corporation Ltd., a subsidiary of the Tata Group operating as a non-banking financial company, is set to release its quarterly results for the quarter and half-year ended September 30, on Monday, October 27. This announcement comes on the heels of a significant corporate action - a 1:10 stock split completed on October 14.

Stock Split Details

The company recently executed a 1:10 stock split, dividing each share with a face value of Rs 10 into ten units of Rs 1 each. This move is aimed at enhancing the stock's affordability and liquidity in the market.

Recent Financial Performance

In the previous quarter, Tata Investment Corporation reported:

Metric	Amount	YoY Change
Consolidated Revenue	Rs 145.46 crore	2.00%
Profit After Tax	Rs 146.30 crore	11.60%

Stock Performance

The company's stock has shown strong performance:

Metric	Performance
Year-to-Date Gain	22.64%
1-Year Gain	28.75%
Latest Closing Price (Friday)	Rs 840.00

Looking Ahead

Investors and market analysts will be closely watching the upcoming Q2 results for insights into the company's performance in the current fiscal year. The recent stock split may also impact trading patterns and liquidity in the short term.

As a non-banking financial company specializing in long-term investments in equity shares and debt instruments, Tata Investment Corporation's results could provide valuable indicators about the broader investment landscape in India.

Stakeholders are advised to review the detailed financial statements and management commentary that will be released with the Q2 results for a comprehensive understanding of the company's performance and future outlook.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-4.11%	-7.40%	+3.10%	+34.10%	+24.05%	+881.86%

Tata Investment Corporation shares experienced significant volatility following a 1:10 stock split, with the stock price initially dropping but later showing signs of recovery.

Stock Split Impact

Tata Investment Corporation implemented a 1:10 stock split on October 14, 2023, which had the following effects:

Split Ratio: Each share with a face value of Rs 10 was subdivided into 10 shares of Re 1 each.
Initial Price Drop: The stock fell 3.5% to Rs 908.00 on October 16, 2023.
Two-Day Decline: Total losses amounted to over 12% in two days post-split.
Recovery: The stock later rebounded, gaining over 7% to trade at Rs 1,069.00.

It's important to note that the stock split creates an optical 90% price drop but does not affect the company's market capitalization or investors' holdings. The primary aim of this corporate action is to enhance affordability and liquidity for retail investors.

Financial Performance

Tata Investment Corporation also reported its recent financial results:

Metric	Consolidated	YoY Change	Standalone	YoY Change
Profit After Tax	Rs 146.30 crore	↑ 11.6%	Rs 139.22 crore	↑ 23.5%
Revenue from Operations	Rs 145.46 crore	↑ 2.1%	Not specified	↑ 21%

Company Holdings

Tata Investment Corporation holds strategic stakes in key Tata Group entities:

0.1% stake in Tata Sons
2.1% stake in the recently-listed Tata Capital

The stock split and the company's financial performance reflect Tata Investment Corporation's efforts to maintain its market position while potentially attracting a broader investor base. Investors should consider these developments in the context of their overall investment strategy and risk tolerance.