Shares of Tata Investment Corporation Limited (TICL) extended their winning streak on Wednesday, September 24, surging another 10% to ₹8,890 apiece, taking the two-day rally to nearly 32%. The stock had already soared 11.5% on Tuesday, September 23, after the company announced key corporate action updates.
The sharp rally comes after shareholders approved the subdivision of equity shares. Each fully paid-up equity share with a face value of ₹10 will be split into 10 fully paid-up equity shares with a face value of ₹1 each. The company has fixed October 14, 2025, as the record date for determining shareholder eligibility.
The announcement has triggered massive buying interest in the counter, pushing TICL shares to fresh highs. The stock hit a 52-week high of ₹8,125 on Tuesday before extending gains in Wednesday’s session.
The rally is further supported by TICL’s healthy financial performance. For Q1 FY26, the firm reported an 11.6% year-on-year rise in consolidated PAT to ₹146.3 crore, driven by higher dividend income, while revenue from operations stood at ₹145.46 crore.
Over the past month, TICL shares have rallied 17%, while in the last six months, the stock has gained over 26%. Since the beginning of 2025, it has delivered an 18% return, with the latest corporate announcement acting as the biggest trigger for the recent surge.
