Multibagger midcap Tata group stock to announce final dividend, Q4 results today: Check details

Tata Investment Corporation - the midcap Tata group company will announce a final diividend alongside the company's March quarter results due today. Ahead of the company's earnings, shares of the company traded with a positive bias at Rs 6,392 per share.

Tata Investment Corporation's dividend history

Considering the stock's dividend, dividend yield is at 0.44 per cent. As per the Trendlyne data, the company has declared 23 dividends since Oct. 9, 2003.In the past 12 months, Tata Investment Corporation Ltd. has declared an equity dividend amounting to  Rs 28.00 per share.

Tata Investment Corporation share news

Earlier last month, the stock recorded a sharp spurt after Tata Capital's board approved the company's IPO. The company's IPO offering will include 23 crore new shares and an offer for sale (OFS) from existing shareholders.This IPO will be the first after the group's Tata Technologies entered the D-Street in November 2023.

As of September 30, 2024, Tata Sons held a 92.8 per cent stake in Tata Capital.

Also read: Tata Capital eyes $11 billion valuation in upcoming IPO

Tata Investment Corporation's Q3 results

On a consolidated basis, net profit of Tata Investment Corporation declined 63.17 per cent to Rs 19.61 crore while total income fell 55.34 per cent to Rs 30.05 crore in Q3 December 2024 in comparison Q3 December 2023.

Sales at the company declined 92.66 per cent to Rs 3.71 crore in the quarter ended December 2024 as against Rs 50.55 crore during the previous quarter ended December 2023.

Tata Investment Corporation share price

In the last 3 years, the company's stock has zoomed 332 per cent, while its 1-year return is at -6 per cent.