Tata Investment Corporation shares jumped sharply on Friday (October 3), hitting a new record high just days before the stock split record date. The stock opened in the green at Rs 10,584 on the BSE, compared to the previous close of Rs 10,581.60. It quickly extended gains and touched an intraday high of Rs 11,847, up nearly 12 per cent. This surge lifted the company’s market capitalization to over Rs 54,184 crore.

However, by 11:48 AM, the stock pared most of its gains and was trading at Rs 10,729, up just 1.39 per cent.

Strong rally in recent sessions

Tata Investment shares have been on a strong run for the past five trading sessions, soaring nearly 30 per cent. In the last two weeks, the stock has surged almost 50 per cent. Over a longer horizon, the multibagger has delivered 240 per

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