Equity indices dropped nearly 1% due to heavy selling in major stocks. TCS fell 1.6%, Tata Elxsi declined 0.4%, and IREDA plummeted 3.4%. Analysts advise against purchasing TCS and Tata Elxsi but recommend buying IREDA with a target price of 245 and a stop loss at 208.
Power, defence and railway PSUs expected to thrive: Ajay Bagga
Government and household spending are currently fueling infrastructure growth, while private capital expenditure remains sluggish due to low capacity utilization and policy uncertainty. Infrastructure providers
June 2, 2025