Tata Consultancy Services share are down by -0.48%, Nifty up by 0.31%

TCS Share Price Today : On the last trading day, TCS opened at 4501.55 and closed at 4463.50. The stock reached a high of 4514.40 and a low of 4457.00 during the session. Overall, it experienced a decline from the opening price, closing lower than where it started.

Livemint
Published12 Sep 2024, 11:13 AM IST
TCS Share Price Today Live Updates
TCS Share Price Today Live Updates

At 12 Sep 11:13 today, TCS shares are trading at price 4463.5, -0.48% down from the previous closing price. Sensex is trading at 81753.75, up by 0.28%. The stock has hit a high of 4514.4 and a low of 4457 during the day.

On the technical front, the stock is trading above the 50,100,300 days SMA & lower than the 5,10,20 day SMA. The stock will have support at 50,100,300 days SMA & face resistance at 5,10,20 days SMA

The SMA values for the stock are given below :

DaysSimple Moving Average
54475.48
104497.96
204470.29
504297.53
1004072.42
3003966.01

The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at 4529.25, 4578.35, & 4607.35, whereas it has key support levels at 4451.15, 4422.15, & 4373.05.

Till 11 AM today, the volume traded on NSE & BSE for Tata Consultancy Services was -66.19% 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, Although the intensity of the bullish trend has diminished, investors are advised to await a bearish short-term trend for confirmed reversal.

From a fundamental analysis perspective, the company has a ROE of 50.75% .The current P/E of the stock is at 34.74 & P/B is at 17.57.

The median 1-year forecasted upside in this share is at 2.32% with a target price of 4360.04878049.

The company has a 71.77% promoter holding, 6.13% MF holding, & 12.35% FII holding as per filings in the june quarter.

The MF holding has increased from 5.98% in march to 6.13% in the june quarter.

The FII holding has decreased from 12.70% in march to 12.35% in the june quarter.

Tata Consultancy Services share price down -0.48% today to trade at 4463.5 while its peers are mixed. Its peers such as are falling today, but its peers Infosys, HCL Technologies, LTI Mindtree, Tech Mahindra are on the rise. Overall, benchmark indices Nifty & Sensex are up 0.31% & 0.28% each respectively.

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First Published:12 Sep 2024, 11:13 AM IST
Business NewsMarketsTata Consultancy Services share are down by -0.48%, Nifty up by 0.31%

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