Eternal vs TCS shares: Zomato parent’s weightage more than IT giant in Nifty 50 | Should you buy?
Tata Consultancy left its position unchanged.
· LiveMint Markets, NDTV Profit
Eternal now holds a higher weight in the Nifty 50 than TCS, driven by its market capitalisation methodology emphasizing free-float shares. The shift stresses a market preference for high-growth companies as passive funds adjust to allocate more capital towards growth-oriented stocks like Eternal.
The analysis
Against that, the stock is +1.3% on the day at ₹2,107.60, and has returned +2.4% over three months. It sits 37% below its 52-week high, which means a good deal of bad news was already in the price. The it sector has moved +2.0% over the same period, so Tata Consultancy is running 0.4 points ahead of its peers.
For Tata Consultancy, the question is how much of this is already reflected in the price and how much re-rates the it peer set alongside it.
Market context
- The company directly in focus is TCS.
- Sector exposure: IT, Capital Goods & Engineering, Capital Markets.
In this story
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