TCS share are down by -1.5%, Nifty down by -1.56%

TCS Share Price Today on : At 03 Oct 13:00 today, TCS shares are trading at price 4222.05, -1.5% down from the previous closing price. Sensex is trading at 82886.71, down by -1.64%. The stock has hit a high of 4277.95 and a low of 4209.3 during the day.

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

The SMA values for the stock are given below :

The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at 4308.12, 4328.33, & 4360.92, whereas it has key support levels at 4255.32, 4222.73, & 4202.52.

Till 1 PM today, the volume traded on NSE & BSE for TCS was 0.67% 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, Following a strong uptrend, the stock is indicating signs of a reversal..

From a fundamental analysis perspective, the company has a ROE of 50.75% .The current P/E of the stock is at 33.26 & P/B is at 16.82.

The median 1-year forecasted upside in this share is at 5.45% with a target price of 4452.00.

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.

TCS share price down -1.5% today to trade at 4222.05 while its peers are mixed. Its peers such as Infosys, HCL Technologies, LTI Mindtree, Tech Mahindra are falling today, but its peers are on the rise. Overall, benchmark indices Nifty & Sensex are down -1.56% & -1.64% each respectively.

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  • Aniket Pujari

    Aniket Pujari is a visionary entrepreneur and dedicated content creator who has made significant contributions to the digital media landscape. As the founder of Minute To Know News, he has established himself as a leading figure in the world of finance, cryptocurrencies, and Internet-related topics.

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