CRISIL has reaffirmed 'AAA/Stable' ratings on the Rs 100 million non-convertible debenture programme of Tata Investment Corporation (TICL). The ratings continues to reflect TICL's healthy capital position, robust and well-diversified investment portfolio, healthy earnings profile, and comfortable resource profile.

These rating strengths are partially offset by TICL's susceptibility to volatility inherent in the capital markets.

CRISIL believes that TICL will maintain its healthy capital position and comfortable earnings profile over the medium term, supported by its diversified investment portfolio. The outlook may be revised to 'Negative' in case of a significant decline in the market value of the company's investments.

Shares of the company gained Rs 5.6, or 0.97%, to settle at Rs 581.85. The total volume of shares traded was 4,100 at the BSE (Tuesday).