From TCS to SpiceJet — reasons for key stock movements on August 24

TCS, India's largest software exporter deferred it's variable pay out, & said it will pay 100% variable pay for the first quarter, & there is no delay in the process.

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Brokerage firm Morgan Stanley maintained an ‘underweight’ rating on GSK pharma owing to the company's rich valuation & relatively lower growth profile.

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There is a rise in oil prices, Rajesh Kumar Srivastava, Director (Exploration) at ONGC, tells CNBC-TV18 that he doesn't think there would be a windfall tax on gas production. He expects a further decline in windfall taxes in the next reset.

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SpiceJet said that it is open to investment from external parties, including other airlines, as it seeks to raise Rs 2,000 crore.

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Foreign brokerage firm Jefferies sees about a 23% upside in IndusInd Bank from the current market price. Jefferies has set its target price on the stock at Rs 1,330.

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