Bajaj Finserv. Share Price 1643.85 04:03 PM | 28 Mar 2024 61.20(3.87%) Grasim Industries. Share Price 2287.30 03:53 PM | 28 Mar 2024 79.96(3.63%) Hero MotoCorp. Share Price 4722.30 03:58 PM | 28 Mar 2024 149.75(3.28%) Bajaj Finance. Share Price 7245.25 03:59 PM | 28 Mar 2024 222.50(3.17%) Eicher Motors. Share Price 4019.30 03:58 PM … Read more
Dalal Street’s love for all-things-Tata got deeper in FY24 with 9 stocks, including the newly-listed Tata Technologies, giving multibagger returns up to 257%. Even the worst performing Tata stock gave 11% return. The combined market capitalisation of all Tata stocks (excluding Tata Tech) rose by Rs 9.15 lakh crore to Rs 29.62 lakh crore. This … Read more
The combined market valuation of five of the 10 most valued firms eroded by Rs 1,97,958.56 crore last week, with IT majors Tata Consultancy Services (TCS) and Infosys taking the biggest hit amid volatile trends in equities. Last week, the BSE benchmark climbed 188.51 points or 0.25 per cent. The market valuation of TCS tanked … Read more
“The Nifty IT sector has faced downward pressure for the past few days. However, stalwarts like TCS and HCL Tech exhibit resilience on longer-term charts, suggesting potential buying opportunities amid corrections. We remain watchful of Nifty IT’s ability to hold the 100-day moving average; sustaining above it could signal further buying interest,” says Rajesh Palviya … Read more
Block trades in India are close to capping their best quarter in 14 years as the country’s booming stock market encourages shareholders to monetize stakes. Shareholders have raised $7.1 billion selling their holdings in India so far this year, with the quarter on track to have raised the most from block trades since the January … Read more
Tata Group holding company Tata Sons on Tuesday likely sold around 2.02 crore shares or 0.6% equity in Tata Consultancy Services (TCS) in a block deal following which the shares fell 3% to Rs 4021.25 on BSE. The deal is reported to be worth around Rs 9,000 crore at an average share price of Rs … Read more
Mumbai: Tata Sons, the holding company of Tata Consultancy Services (TCS), plans to sell 23.4 million shares in India’s largest software services exporter for at least ₹9,300 crore on Tuesday, showed a term sheet issued by JP Morgan, the banker to the deal. The floor price for the stock, amounting to 0.65% of the company’s … Read more
“But looking at the overall structure for the IT index, we believe that if it continues to hold above 36,900, then possible continuity of this uptrend we can see going forward in Nifty IT,” says Rajesh Palviya, Axis Securities. Let us talk about the IT sector because that has been the only sector that has … Read more
Indian market is expected to open higher on Wednesday tracking positive global cues. The Nifty50 closed flat on Tuesday with a positive bias. The volatility index India VIX has dipped by nearly 2% to close at 13.64 after trading in a narrow range of 14.19-13.57 on Tuesday. The Nifty50 closed flat in the previous trading … Read more
CLSA’s downgrade of Indian IT bellwether Tata Consultancy Services (TCS) and HCL Technologies did not go down well with the investors, triggering a selling spree in most IT stocks. Both TCS and HCL Tech shares fell 2% in Tuesday’s trade. The Hong Kong-based brokerage downgraded TCS to ‘Sell’ for the price target of Rs 3,925 … Read more
