Shares of Tata Consultancy Services (TCS) gained 0.88% today, closing at ₹4,075. This upward movement added approximately ₹1,299 crore to the company’s market capitalization, bringing it to ₹14,74,370.66 crore. The stock has shown resilience, backed by strong fundamentals and positive investor sentiment.
Key Trading Highlights:
- Previous Close: ₹4,039.55
- Closing Price: ₹4,075
- Market Cap Increase: ₹1,299 crore
- Current Market Cap: ₹14,74,370.66 crore
Price and Volume Details:
- Opening Price: ₹4,044.90
- Intraday High: ₹4,092.45
- Intraday Low: ₹4,044.90
- Volume Traded: 7.47 lakh shares
- Turnover: ₹303.85 crore
52-Week Performance:
- 52-Week High: ₹4,592.25 (August 30, 2024)
- 52-Week Low: ₹3,433.00 (November 28, 2023)
Analyst Sentiment:
Global brokerage Morgan Stanley has reiterated its “Overweight” rating on TCS, setting a target price of ₹4,660. This indicates a potential upside of 15.3% from current levels, reflecting strong confidence in TCS’s growth trajectory and robust performance in the IT sector.
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