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Tata Power share price: The stock slipped 2.52 per cent to hit a day low of Rs 419.05. It was last seen 0.94 per cent down at Rs 425.85. At this price, the multibagger scrip has gained 120 per cent in the past one year.
Market expert Joshi praises TCS's outstanding financial performance, expecting a stock re-rating. Anticipates positive sector impact and growth in BFSI, energy, manufacturing, life sciences, and healthcare industries based on TCS's stellar results.
TCS Q4 Results: The company's order book for FY24 was at an all-time high of $42.7 billion and record $13.2 billion in the March quarter, led by the mega deal with Aviva and others in the emerging markets vertical.
HDFC Bank share price: The stock rose 1.71 per cent to hit a day high of Rs 1,554. At this price, it has moved 8.91 per cent higher in seven trading sessions.
MarketSmith's Mayuresh Joshi sees potential in PSU banks like Bank of Maharashtra, Bank of Baroda, and State Bank due to NIM expansion and strong capital adequacy. He also advises focusing on ancillary stocks in the real estate sector for growth opportunities. Joshi points out that corporate earnings have held up pretty well. Corporate leverage is probably at the lowest level.