Tata Investment Corporation Surges 33% in Just 8 Days on Semiconductor Buzz
Mumbai: Tata Investment Corporation shares continued their remarkable rally, jumping 7% on Thursday to hit a fresh 52-week high of ₹6,958.50 on the BSE. The stock has soared 33% in just eight trading sessions, driven by strong investor optimism over Tata Group’s semiconductor ambitions.
The rally gained momentum after reports surfaced that the government received nine bids — including from Tata Group and Tower Semiconductor — to modernise the Semiconductor Laboratory (SCL) in Mohali. The Centre has allocated nearly $1 billion to upgrade the country’s only strategic chipmaking facility, which produces semiconductors for defence, space missions, and critical applications.
Sources indicate Tata Group is also in talks with leading Taiwanese chipmakers PSMC and UMC for a partnership on its planned semiconductor fabrication plant at Dholera, Gujarat. The facility is expected to start with 65 nm technology nodes, later advancing to 48 nm and 28 nm chips, serving industries from GPUs and consumer electronics to IoT devices.
The project, with an initial capacity of 25,000 wafers per month (about 700–1,000 chips daily at peak efficiency), is expected to break ground soon. Tata Sons Chairman N. Chandrasekaran had earlier announced plans for a “huge semiconductor fab” at Dholera, set to begin operations in 2024 — a milestone that would mark India’s first major chip manufacturing plant by a domestic conglomerate.
Meanwhile, Tata Investment Corporation’s stock has rallied over 240% in the past year and an astounding 400% over the past two years. Technically, its RSI at 79.4 suggests the scrip is in overbought territory, yet it continues to trade above all key moving averages (10-day to 200-day SMAs), reflecting strong bullish sentiment.
