Shares of BSE have been in demand throughout the last two years as the influx of investors on Dalal Street has increased the number of registered clients. In the last one year, the stock has climbed 216 per cent.
As of 30-Sep-2021, promoters held 51.5 per cent stake in the company, while FIIs held 7.21 per cent and domestic institutional investors had 3.92 per cent.
On the technical charts, the RSI of the stock stood at 54.93.
Tata Consultancy Services Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 1367206.38 Crore) operating in IT Software sector.
13 brokerage houses expect the Nifty50 to close 2022 at around 21,000, implying gains of around 23 per cent, according to a survey by ETMarkets.com.
Apart from metro and tier I cities, tier II cities like Patna, Jaipur, Indore and Agra also featured in the top 15 places with the most active user base, the exchange told ETmarkets.com.
“In terms of the market dynamics, carry has become substantially lower because of the excess liquidity...From a portfolio construction perspective, it is a lot of a challenge compared to what it was earlier when interest rates were falling and a lot of capital gains were being realised in bond portfolios,†he said.
The stock was trading at a premium of Rs 5 in the grey market, indicating a flat listing.
Star Health and Allied Insurance compay, backed by Rakesh Jhunjhunwala, will make its Dalal Street debut today. The company raised about Rs 6,400 crore via primary route.
If the company adds the cherry on top with some major demerger news, then today’s sentimental 5 per cent jump in the stock will look increasingly inadequate.
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