Tata Motors surpassed Maruti Suzuki (India) (MSIL) to become the most-valuable automobile company, in terms of market capitalisation (mcap), after a gap of seven years. With this, the company's stock hit a new high on the BSE on Tuesday (January 30). The combined mcap of Tata Motors (Rs 285.51 crore) and Tata Motors DVR (Rs 29,119 crore) stood at Rs 3.146 trillion.
IndusInd Bank, Suzlon, and Paytm will remain under focus, as the stocks are pegged to get added to the MSCI global standard index. These stocks, along with six others, are seen attracting cumulative inflows of nearly $2 billion from passive funds tracking MSCI indices. Persistent Systems, APL Apollo, Polycab, Macrotech Developers, Tata Motors DVR, and Tata Communication are the other six stocks that will be added to the MSCI index, shows an analysis done by Nuvama Alternative & Quantitative Research.
Adani Power will also be dropped from the S&P BSE 100 index
At an aggregate level, the late ace investor's portfolio that was valued at Rs 32,445 crore as on March 31, 2023 is now worth Rs 35,979 crore.
Nestle India was the top loser in the Sensex pack, shedding 2.20 per cent, on its first day as part of the index.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Tata Motors is stripped off India's most valuable company tag.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Tata Motors was the top gainer on better-than-expected June quarter revenues
No one is right all the times. Recognising the market signals is a very important part of your portfolio creation, says P V Subramanyam
Short-covering and the propping up of net asset values have potential to boost frontline as well as second-rung names next week
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.