Businesss Business:Today 22 October at 11:28 pm, Shares of TCSYER is trading at a price of ₹4075.7, which is -0.06% lower than the previous closing price. Sensex is trading at ₹80896.92, down -0.31%. The stock has touched a high of ₹4090 and a low of ₹4054.05 during the day.
On the technical front, the stock is above 300-day SMA and 5,10,20,50,100 day SMA.
from sma Trading down. The stock will find support at 300 day SMA and face resistance at 5,10,20,50,100 day SMA. The SMA values for the stock are given below:
day simple moving average
5 4115.40
10 4173.18
20 4223.48
50 4353.14
100 4182.88
300 4055.34
Classic pivot level analysis shows that on the daily time frame, the stock has key resistances at ₹4120.32, ₹4162.43, and ₹4184.92, while it has key support levels at ₹4055.72, ₹4033.23, and ₹3991.12.
TCS share price today
As of 11am today, the trading volume for TCS on NSE and BSE was down by -75.35% compared to the previous trading session. Along with price, traded volume 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's continued decline suggests a bearish trend is underway.
From a fundamental analysis perspective, the company's ROE is 50.75%. The current P/E of the stock stands at 31.51 and P/B at 14.70.
The average 1-year predicted upside for this stock is 11.71% with a target price of ₹4553.00. The company has 0.00% promoter holding, 5.96% MF holding and 12.66% FII holding, as per September quarter filing.
MF holding has declined to 5.96% in the September quarter from 6.13% in June.
FII holding has increased to 12.66% in the September quarter from 12.35% in June.
TCS share price is trading -0.06% lower at ₹4075.7 today, while its rivals are mixed. Its rivals like HCL Technologies are falling today, but its rivals Infosys, LTI Mindtree, Tech Mahindra are rising. Overall, benchmark indices Nifty and Sensex are down -0.26% and -0.31% respectively.
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