Cochin Shipyard shares gained 11% to Rs 1225 against the previous close of Rs 1105.15 on BSE. Market cap of the defence stock climbed to Rs 32,049 crore.
Shares of Tanla Platforms have delivered multibagger returns in the last five years. The shares of the cloud communications firm closed at Rs 933.35, up 0.18% on Friday. Market cap of Tanla Platforms stood at Rs 12, 549 crore. The multibagger stock was trading flat at Rs 934.75 on BSE today. The IT stock opened higher at Rs 944.65 in the current session. Tanla Platforms stock has lost 15.61% this year and risen 48.42 % in the last one year. The stock delivered multibagger returns of 2104% in five years.
IT stocks: Global brokerage CLSA states that IT companies should guide conservatively. The global brokerage keeps an unchanged outlook for key verticals like banking, retail, hi-tech, and telecom.