Shares of Tata Investment Corporation surged 12 per cent on Friday, marking the fifth consecutive session of gains, driven by the impending Tata Capital IPO and a strategic stock split announcement. The stock climbed to an intraday high of Rs 11,847 on the NSE, though it later pared gains to Rs 10,075 per share, down 4.77 per cent. Since September 26, when Tata Capital fixed its IPO dates, Tata Investment Corporation shares have rallied nearly 35 per cent.

The recent jump in stock price comes ahead of the 1:10 share split announced by Tata Investment Corporation, effective from October 14. Post-split, the face value will drop from Rs 10 to Re 1, aiming to enhance liquidity and make the stock more accessible for retail investors.

Tata Capital, a key non-banking financial arm of the Tata G

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