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Business News: Vellayan Subbiah, chairman of Cholamandalam Finance and executive vice chairman, Tube Investments of India, has been awarded the esteemed EY Entrepreneur of the Year™ Award 2023.
Vellayan Subbiah will represent India at the EY World Entrepreneur of the Year Award in Monte Carlo from June 4-7
HCL Tech is the top BSE Sensex gainer, followed by Tech Mahindra and Wipro. Nifty IT was the top performing index of the day with gains of over 1 percent
Among individual stocks, HCL Tech stood as the top gainer with a rally of 3.1%, followed by Tech Mahindra, TCS, Wipro, MphasiS, Infosys, L&T Technology Services, LTIMindtree, Coforge, and Persistent Systems, all closing higher by 0.5% to 2.4%.
Persistent Systems continues to report strong growth even during the challenging times with increasing client engagement, Axis Securities said. The broking firm assigned KPIT Tech target price based on 47x FY26E EPS .