TCS Share Price Today on 06-11-2024: At 06 Nov 16:00 today, TCS shares are trading at price ₹4138.8, 4.21% up from the previous closing price. Sensex is trading at ₹80378.13, up by 1.13%. The stock has hit a high of ₹4149.8 and a low of ₹3977 during the day.
On the technical front, the stock is trading above the 5,10,20,300 days SMA & lower than the 50,100 day SMA. The stock will have support at 5,10,20,300 days SMA & face resistance at 50,100 days SMA
The SMA values for the stock are given below :
Days | Simple Moving Average |
---|---|
5 | 4042.49 |
10 | 4047.94 |
20 | 4110.56 |
50 | 4291.45 |
100 | 4209.67 |
300 | 4070.45 |
The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹4201.52, ₹4262.93, & ₹4376.07, whereas it has key support levels at ₹4026.97, ₹3913.83, & ₹3852.42.
Till 4 PM today, the volume traded on NSE & BSE for TCS was 26.26% higher 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, The stock is displaying strong indications of a trend reversal following a downtrend.
From a fundamental analysis perspective, the company has a ROE of 50.75% & ROA of 31.78% respectively.The current P/E of the stock is at 30.35 & P/B is at 14.16.
The median 1-year forecasted upside in this share is at 10.01% with a target price of ₹4553.00.
The company has a 0.00% promoter holding, 5.96% MF holding, & 12.66% FII holding as per filings in the september quarter.
The MF holding has decreased from 6.13% in june to 5.96% in the september quarter.
The FII holding has increased from 12.35% in june to 12.66% in the september quarter.
TCS share price has gained 4.21% today to trade at ₹4138.8 in resonance with its peers. Its peers such as
Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.