Meanwhile, the BSE Sensex was up 57.62 points, or 0.32%, to 18,065.77

On BSE, 2,143 shares were traded in the counter compared with the average daily volume of 5,877 shares in the past one quarter.

The stock hit a high of Rs 533.35 and a low of Rs 523.75 so far during the day.

The mid-cap stock had outperformed the market over the past one month till 4 February 2011, declining 3.33% compared with the Sensex's 12.15% fall. The stock had also outperformed the market in past one quarter, falling 7.02% as against Sensex's decline of 13.81%.

The company has an equity capital of Rs 48.24 crore. Face value per share is Rs 10.

Before turning ex-dividend, the stock offered a dividend yield of 2.91% based on closing price of Rs 549.45 on Friday, 4 February 2011.

Tata Investment Corporation's net profit rose 5.4% to Rs 45.61 crore on 11% rise in total income to Rs 59.92 crore in Q3 December 2010 over Q3 December 2009.