In the past one year, the stock has surged 62.69% while the benchmark Sensex has risen 4.16% during the same period.

On the technical front, the stock's daily RSI (relative strength index) stood at 91.49. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.

On the daily chart, the stock was trading above its 50-day, 100-day and 200-day simple moving average (SMA) placed at 1513.39, 1471.75 and 1443.08, respectively. These levels will act as crucial support zones in near term.

Tata Investment Corporation is a non-banking financial company, engaged in investing in long term investments in equity shares, debt instruments, listed and unlisted, and equity related securities of companies in a wide range of industries. The major sources of income of the company consist of dividend, interest and profit on sale of investments.

Tata Investment Corporation's consolidated net profit jumped 67.05% to Rs 89.94 crore on 64.70% increase in total income to Rs 102.08 crore in Q1 June 2022 over Q1 June 2021.