Birlasoft Share Price Today on 28-11-2024: At 28 Nov 11:29 today, Birlasoft shares are trading at price ₹593.35, -1.18% down from the previous closing price. Sensex is trading at ₹79448.57, down by -0.98%. The stock has hit a high of ₹602.7 and a low of ₹590.7 during the day.
On the technical front, the stock is trading above the 5,10,20,50 days SMA & lower than the 100,300 day SMA. The stock will have support at 5,10,20,50 days SMA & face resistance at 100,300 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 ₹605.3, ₹609.65, & ₹615.3, whereas it has key support levels at ₹595.3, ₹589.65, & ₹585.3.
Till 11 AM today, the volume traded on NSE & BSE for Birlasoft was -69.57% 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, The stock is indicating a trend reversal after a strong downtrend..
From a fundamental analysis perspective, the company has a ROE of 22.71% & ROA of 17.54% respectively.The current P/E of the stock is at 27.23 & P/B is at 5.10.
The median 1-year forecasted upside in this share is at 10.39% with a target price of ₹655.00.
The company has a 0.00% promoter holding, 22.54% MF holding, & 11.71% FII holding as per filings in the september quarter.
The MF holding has increased from 19.55% in june to 22.54% in the september quarter.
The FII holding has decreased from 18.82% in june to 11.71% in the september quarter.
Birlasoft share price down -1.18% today to trade at ₹593.35 while its peers are mixed. Its peers such as Zensar Technologies, Newgen Software Technologies are falling today, but its peers Sonata Software, Happiest Minds Technologies are on the rise. Overall, benchmark indices Nifty & Sensex are down -0.79% & -0.98% each respectively.
