Tata Investment Corporation shares soared 12% to a record high on Friday, extending gains for the fifth consecutive session as investor optimism builds ahead of Tata Capital’s initial public offering (IPO) next week.

The stock surged 11.98% to an intraday peak of ₹11,847 apiece on the NSE, taking its total gains to nearly 35% since September 26, the day Tata Capital announced its IPO timeline.

Stock Split Boosts Sentiment

Investor enthusiasm was further lifted by Tata Investment Corporation’s decision to split its shares in a 1:10 ratio. The record date for the stock split is set for October 14. Post-split, the face value of each share will be reduced from ₹10 to ₹1, a move aimed at enhancing liquidity and making the stock more affordable for retail investors.

Tata Capital IPO Details

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