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.
Tata Motors is likely to exit the S&P BSE Sensex and the Nifty50 indices once the demerger process of its commercial vehicle (CV) and passenger vehicle (PV) businesses is complete, analysts at Nuvama Institutional Equities said. They have compared the development with Reliance Industries (RIL) and Jio Financial Services, which got listed separately and eventually (in the next few days) got excluded from the domestic indices.
Tata Motors is stripped off India's most valuable company tag.
The 1.5-litre Hyperion petrol engine masterfully blends everyday driving with a sophisticated, tech-laden interior that elevates the entire experience.
Adani Power will also be dropped from the S&P BSE 100 index
Nestle India was the top loser in the Sensex pack, shedding 2.20 per cent, on its first day as part of the index.
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.
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.
Tata Motors was the top gainer on better-than-expected June quarter revenues
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
No one is right all the times. Recognising the market signals is a very important part of your portfolio creation, says P V Subramanyam
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Among the stocks that have seen the largest cut by MFs, the DVR shares (shares with differential voting rights) of Tata Motors have seen a cut of 243 basis points (bps) in MFs' stake.
Short-covering and the propping up of net asset values have potential to boost frontline as well as second-rung names next week
The policy statement by the RBI governor is also expected to be upbeat.
Mixed global cues and decline in crude oil prices further dent the sentiments.
These are old nuggets which have been dished in the past. repeating them and frankly do not care if you do follow or not.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The 30-share Sensex lost 12 points to end at 29,559 and the 50-share Nifty climbed 4 points to close at 8,914.