GIFT Nifty up 72 points; TCS, ITC, Lupin, Hexaware, JSW Steel IRB Infra, NCC among stocks in focus
Tata Consultancy is in focus with October 09 in focus.
· Business Today Mkts
Stocks like TCS, ITC, Lupin, Hexaware Tech, JSW Steel, IRB Infra, NCC, Anand Rathi Wealth, Mold-Tek Packaging and more will be in the spotlight on Friday, October 09.
Key facts
- Dates in focus
- October 09
The analysis
Against that, the stock is +5.4% on the day at ₹2,188.00, and has returned +2.1% over three months. It sits 34% below its 52-week high, which means a good deal of bad news was already in the price. The it sector has moved +1.1% over the same period, so Tata Consultancy is running 1.0 points ahead of its peers.
With Tata Consultancy, ITC and Hexaware Technologies all implicated, this reads as a IT-level move rather than a company-specific one, which is the more durable kind of signal.
Market context
- It touches several names at once (TCS, ITC, HEXT, JSWSTEEL), which points to a sector-level rather than company-specific driver.
- Sector exposure: IT, FMCG, Metals & Mining.
In this story
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