Business Business:Today 06 November at 13:01, BirlaSoft�SuddenlytShares of ₹are trading at a price of ₹578.45, 3.8% higher than the previous closing price. Sensex is trading at ₹80194.71 with a gain of 0.9%. The stock touched a high of ₹578.65 and a low of ₹557.55 during the day.
On the technical front, the stock is trading above 5,10 day SMA and below 20,50,100,300 day SMA. The stock will find support at 5,10 day SMA and face resistance at 20,50,100,300 day SMA. The SMA values for the stock are given below:
day simple moving average
5 568.05
10 575.49
20 582.21
50 613.55
100 641.75
300 685.98
Classic pivot level analysis shows that on the daily time frame, the stock has key resistances at ₹561.42, ₹565.43, and ₹572.12, while it has key support levels at ₹550.72, ₹544.03, and ₹540.02.
Birlasoft share price today
As of 1pm today, the traded volume for Birlasoft on NSE and BSE was down -21.62% compared to the previous trading session. Volume traded along with price is an important indicator to study trends. Positive price movement with high volume indicates a sustained uptrend, and negative price movement with high volume may indicate further decline in prices.
Overall, according to Mint technical analysis, the stock is currently experiencing a strong downtrend.
From the fundamental analysis point of view, the company's ROE is 22.71% and ROA is 17.54% respectively. The stock's current P/E stands at 25.27 and P/B at 4.73.
The stock has a 1-year estimated average upside of 13.23% with a target price of ₹655.00. The company has 0.00% promoter holding, 0.81% MF holding and 11.71% FII holding, as per September quarter filing.
MF holding has increased from 0.79% in June to 0.81% in the September quarter.
FII holding has declined from 18.82% in June to 11.71% in the September quarter.
BirlaSoft's share price is trading 3.8% higher at ₹578.45 today, in line with its peers. There has also been a rise in its competitors. Overall, benchmark indices Nifty and Sensex have gained 0.84% and 0.9% respectively.
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