Tata Motors is the top gainer on the bourses today. The stock, which had closed yesterday, rose to an intra day high at Rs.538.90 and remains around the same level, up over 6%.

The main reason being that the brokerage firm, Credit Suisse has upgraded the stock to outperform while at the same time, it has downgraded Maruti to neutral.

The foreign brokerage has put out a note saying that the Brexit will actually work in favor of the company and has said that a 15% depreciation after the Brexit could lead to an over 50% gain in EBITDA per car. It is in fact actively asking its investors to shift from Maruti to Tata Motors