Street signs: TCS bet reaps rewards, more cream in Parag stock, and more

Brokerages are turning positive on Parag stating that the Danone plant acquisition would help it establish a presence in north India

TCS bet reaps healthy rewards

Investors who bought shares of Tata Consultancy Services (TCS) from promoter Tata Sons last month have made handsome gains. Shares of the technology major are up over 18 per cent since March 13, when Tata Sons sold 1.5 per cent stake, worth Rs  81.3 billion, in TCS to a clutch of institutional investors. According to shareholding data, HDFC Mutual Fund (MF), ICICI Prudential MF and Royal Bank of Canada are some investors who increased their holdings in the firm in the past month. The reward, however, hasn’t come without a scare, as TCS shares