TCS has experienced a breakout from consolidation after forming a base on the daily chart. The sentiment appears positive, as the stock has risen above the critical short-term moving average.
Analysts and fund managers say the small- and mid-cap segments are overvalued and it is time to look at large-caps, which are looking more attractive both in terms of valuations as well as fundamentals. ET Prime figured out the fastest-growing large-caps and came out with a list of 15 companies that have the potential to do well.
Top brokerages remain positive on RIL stock after Q2 results. RIL share price hit its fresh 52-week high of ₹2,635.17 on July 19, 2023, and its 52-week low of ₹2,012.14 on March 20, 2023, on BSE.
RIL: Investors would be keenly watching any clarity on Rs 75,000 crore announcement in the new energy business, growth in retail store additions and any pricing action in telecom segment.
HSBC has increased its loan arrangement to a subsidiary of Mukesh Ambani s Reliance Industries, doubling the size of the loan to £115 million. The London-based bank has been involved in financing arrangements for Reliance s Stoke Park estate for over a decade. Reliance is carrying out a major refurbishment of Stoke Park, which includes renovating the property s mansion, building seven-star villas, and removing surface-level parking.