Branch² Intelligence
Top Gainers & Losers on 13 July: Newgen Software, Kalyan Jewellers, TCS, Voltas, Paytm, Bajaj Auto among top gainers
Key takeaway
Indian indices flat on July 13; IT and auto stocks lead gains.
- Step 1Strong buying in IT and auto stocks lifts share prices of Newgen Software, TCS, Voltas, Bajaj Auto, etc.
- Step 2Higher equity valuations improve these companies' ability to raise capital via QIP or rights issues, reducing cost of equity.
- Step 3Improved access to capital enables IT and auto firms to invest in capacity expansion, R&D, or working capital, benefiting their SME suppliers and dealers.
Source: IN:Mint
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