The top five Tata group stocks in terms of market capitalisation (m-ca) namely TCS, Tata Motors, Tata Steel, Titan Company and Trent, added a roughly Rs 59,000 crore to their marklet values in trade today.
TCS share price: UBS said that the market is not completely taking into account the impact of the large deal ramp-up and scope of margin improvement through utilisation, pyramid restructuring etc.
HCL Tech is the top BSE Sensex gainer, followed by Tech Mahindra and Wipro. Nifty IT was the top performing index of the day with gains of over 1 percent
Reliance Industries was valued at $238 billion, which was higher than the GDPs of Sri Lanka, Nepal, Maldives and Bhutan. IMF estimated Bangladesh's 2023 GDP at $446 billion in its World Economic Forum 2023 report.