Birlasoft Share Price Today on 08-11-2024: Birlasoft share price are down by -0.9%, Nifty down by -0.21%
Birlasoft Share Price Today on 08-11-2024: On the last trading day, Birlasoft opened at ₹574 and closed at ₹567.3. The stock reached a high of ₹584 during the day and a low of ₹566.05.
Birlasoft Share Price Today on 08-11-2024: At 08 Nov 16:00 today, Birlasoft shares are trading at price ₹567.3, -0.9% down from the previous closing price. Sensex is trading at ₹79486.32, down by -0.07%. The stock has hit a high of ₹584 and a low of ₹566.05 during the day.
On the technical front, the stock is trading above the 5 days SMA & lower than the 10,20,50,100,300 day SMA. The stock will have support at 5 days SMA & face resistance at 10,20,50,100,300 days SMA
The SMA values for the stock are given below :
| Days | Simple Moving Average |
|---|---|
| 5 | 557.87 |
| 10 | 568.86 |
| 20 | 580.65 |
| 50 | 611.07 |
| 100 | 639.37 |
| 300 | 684.26 |
The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹578.38, ₹589.57, & ₹595.23, whereas it has key support levels at ₹561.53, ₹555.87, & ₹544.68.
Birlasoft Share Price Today
Till 4 PM today, the volume traded on NSE & BSE for Birlasoft was -58.74% lower than the previous trading session. Volume traded is an important indicator along with price to study trends. Positive price movement with higher volume suggests a sustainable upmove, and negative price movement with higher volume might be an indication of further decline in prices.
Overall, as per Mint technical analysis, While the stock is exhibiting preliminary indications of a trend reversal following a significant downtrend, continued monitoring is advised..
From a fundamental analysis perspective, the company has a ROE of 22.71% & ROA of 17.54% respectively.The current P/E of the stock is at 25.98 & P/B is at 4.86.
The median 1-year forecasted upside in this share is at 15.46% with a target price of ₹655.00.
The company has a 0.00% promoter holding, 0.81% MF holding, & 11.71% FII holding as per filings in the september quarter.
The MF holding has increased from 0.79% in june to 0.81% in the september quarter.
The FII holding has decreased from 18.82% in june to 11.71% in the september quarter.
Birlasoft share price down -0.9% today to trade at ₹567.3 while its peers are mixed. Its peers such as Sonata Software, Zensar Technologies, Happiest Minds Technologies, Intellect Design Arena are falling today, but its peers are on the rise. Overall, benchmark indices Nifty & Sensex are down -0.21% & -0.07% each respectively.
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