HDFC Bank, incorporated in the year 1994, is a banking company (having a market cap of Rs 929361.96 Crore).

Promoters held 25.59 per cent stake in the company as of 31-Mar-2023, while FIIs owned 66.2 per cent, DIIs 22.35 per cent.

​Price sustaining above the recent supply line breakout area as buying demand emerged from the 50 days EMA signalling positive bias.

Tata Steel, incorporated in the year 1907, is a Large Cap company (having a market cap of Rs 131402.12 Crore) operating in Metals - Ferrous sector.

Promoters held 37.84 per cent stake in the company as of 31-Mar-2023, while FIIs owned 21.36 per cent, DIIs 1.62 per cent.

Tata Motors, incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 155934.58 Crore) operating in Auto sector.

ICICI Bank, incorporated in the year 1994, is a banking company (having a market cap of Rs 627234.48 Crore).

Polycab India, incorporated in the year 1996, is a Mid Cap company (having a market cap of Rs 46173.29 Crore) operating in Consumer Durables sector.

CEO transition timelines moving earlier as well as pent-up elements from deal deferrals can provide a positive catalyst for H2FY24E.

Promoters held 71.25 per cent stake in the company as of 31-Mar-2023, while FIIs owned 2.82 per cent, DIIs 7.96 per cent.

Jubilant Foodworks, incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 28600.99 Crore) operating in Tourism & Hospitality sector.

Gateway Distriparks, incorporated in the year 2005, is a Small Cap company (having a market cap of Rs 3202.72 Crore) operating in General sector.

The brokerage believes near-term outperformance would be restricted for TCS owing to uncertain earnings outlook, CEO transition and global macro headwinds.

Consolidated revenues are expected to grow 13% YoY, led by 5% growth in freight and 10% in seaways segment (peak utilisation reached six ships) while SCM is expected to grow 25% (rebound in auto, low base effect).

Mahindra Logistics’ revenue is expected to grow 24% YoY to Rs 1349 crore, led by strong growth in auto segment and consolidation of numbers from Rivigo B2B division. EBITDA margins are expected to remain rangebound at 5% (due to negative impact from loss making Rivigo B2B acquisition).

Promoters held 61.03 per cent stake in the company as of 31-Mar-2023, while FIIs owned 17.99 per cent, DIIs 12.97 per cent.

The reappointment of MD & CEO removes a key overhang and the next milestone to look forward to would be the progress on the universal banking license, which the bank is now likely to apply for.

Bajaj Finance, incorporated in the year 1987, is a Large Cap company (having a market cap of Rs 354811.80 Crore) operating in NBFC sector.

Sun Pharmaceutical Industries, incorporated in the year 1993, is a Large Cap company (having a market cap of Rs 242476.79 Crore) operating in Pharmaceuticals sector.

Tata Consultancy Services, incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 1170622.01 Crore) operating in IT Software sector.