Tata Metal Shares: Life Insurance coverage Company of India (LIC), the nation’s largest insurance coverage firm, has made a giant funding in Tata Group firm Tata Metal. LIC has purchased greater than 25 crore shares of Tata Metal, which has elevated to 7.85% of its share within the firm. Tata Metal himself has given this data in an data despatched to the inventory markets. Tata Metal stated that LIC has purchased 2,51,266,188 crore shares of Tata Metal. That is about 2.01 p.c stake within the firm. Previous to this new buy, LIC had 7,28,784,890 shares of Tata Metal, which was the corporate’s 5.83 per cent stake, though the whole variety of Tata Metal shares close to LIC has now elevated to greater than 98 million. Additionally, his stake in his firm has additionally elevated by 2.01 p.c to 7.85%. The tantic deal was achieved at a time when Tata Metal’s inventory closed at Rs 141.01 with a improve of 0.66 p.c on NSE on Friday 2 Could for Rs 141.01. Thus far this yr, the corporate’s shares have gained 3.12 p.c. Nonetheless, its shares have fallen by 15.3 per cent within the final one yr. On the identical time, this firm has additionally given an awesome return of about 373% within the final 5 years. This aggressive buy of LIC is evident that the insurance coverage firm is contemplating Tata Metal as a powerful funding possibility from a protracted -term perspective. In 2024 and 2023, Tata Metal gave a dividend of Rs 3.60 per share to its buyers. Within the yr 2022, it gave an enormous dividend of 51 and the identical yr the corporate additionally introduced a inventory break up in a ratio of 10: 1.Tata Metal is a bluechip shares, whose present market cap is at the moment Rs 1.76 lakh crore. Promoters have 31.8% stake within the firm and its present dividend yield is 2.55%. Additionally read- Kotak Mahindra Financial institution This autumn Outcomes: 14% fall within the March quarter, additionally introduced the dividend, additionally verify, verify the particular factor on the Moneycontrol And funding recommendation is their very own, not the web site and its administration. Moneycontrol advises customers to seek the advice of an authorized professional earlier than making any funding determination.
