Our Markets Bureau / Mumbai June 09, 2005

Tata Investment spurted to an all-time high of Rs 414 on bonus announcement. The stock was up 12.83 per cent to Rs 398.30 on back of strong volumes of more than 1,64,000 shares on BSE.

The company on Tuesday after market hours announced that its board will meet on June 15 to consider an issue of bonus shares along with the full year result. The latest equity capital figure of the company is Rs 22.97 crore while its reserves stand at Rs 379.46 crore.

The company is primarily into investment in shares, debentures, securities, etc (in India and abroad), underwriting new businesses, and taking over the management control of companies.

Market seems to have got the wind of a positive development at the counter. The stock in the last three months has witnessed a sharp run. From a low of Rs 296.7 on March 29, the stock hit a new high of Rs 417 in Wednesday's trading.