TCS Share Price Today on : TCS share are down by -0.72%, Nifty down by -0.38%

TCS Share Price Today on : At 21 Oct 13:00 today, TCS shares are trading at price ₹4092.25, -0.72% down from the previous closing price. Sensex is trading at ₹80980.1, down by -0.3%. The stock has hit a high of ₹4138.15 and a low of ₹4086.35 during the day.

On the technical front, the stock is trading above the 300 days SMA & lower than the 5,10,20,50,100 day SMA. The stock will have support at 300 days SMA & face resistance at 5,10,20,50,100 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 ₹4151.77, ₹4182.03, & ₹4217.92, whereas it has key support levels at ₹4085.62, ₹4049.73, & ₹4019.47.

Till 1 PM today, the volume traded on NSE & BSE for TCS was -54.96% 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’s continued downtrend suggests a bearish trend is underway..

From a fundamental analysis perspective, the company has a ROE of 50.75% .The current P/E of the stock is at 31.51 & P/B is at 14.70.

The median 1-year forecasted upside in this share is at 11.26% 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 down -0.72% today to trade at ₹4092.25 while its peers are mixed. Its peers such as Infosys, HCL Technologies, LTI Mindtree are falling today, but its peers Tech Mahindra are on the rise. Overall, benchmark indices Nifty & Sensex are down -0.38% & -0.3% each respectively.