TCS NEWS why is Tata Consultancy Services Limited price falling or rising

TCS NEWS reasons for why stock price of Tata Consultancy Services Limited is falling or rising

TCS Tata Consultancy is falling or rising technical reasons

Technical analysis forecast for Tata Consultancy Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Tata Consultancy TCS at this time. Stock is falling and might fall more.

It appears as if Tata Consultancy TCS gave a large move recently.

Stock of Tata Consultancy (TCS) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

Although my analysis for Tata Consultancy is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 3827.1, for a target of 3892.3 or 3946.58

TCS Tata Consultancy is falling or rising NEWS fundamental reasons

Company Announcement - NEWS as on 2024-04-19

TCS, Infosys, Wipro see exit of 64,000 employees in FY24 amid low demand India's largest IT services companies Tata Consultancy Services, Infosys and Wipro saw a staggering 64,000 employees exiting in FY24, amid a weak demand environment globally and tighter tech spends by clients. Wipro, which announced its Q4 earnings on Frid - NEWS as on 2024-04-19 business-standard.com

Company Announcement Tata Consultancy Services Limited has informed the Exchange about Transcript - NEWS as on 2024-04-18

Infosys, not TCS, has highest weightage in IT pack. Here's the full breakup The company has a greater weightage in the Nifty IT index than TCS. Here's the breakdown - NEWS as on 2024-04-18 indiatimes.com

Accumulate Tata Consultancy Services; target of Rs 4194: KR Choksey KR Choksey recommended accumulate rating on Tata Consultancy Services with a target price of Rs 4194 in its research report dated April 16, 2024. - NEWS as on 2024-04-17 moneycontrol.com

Company Announcement Tata Consultancy Services Limited has informed the Exchange regarding a press release dated April 15, 2024, titled "TCS Announces New Delivery Center in Londrina, Brazil". - NEWS as on 2024-04-16

TCS has one of world largest AI-ready workforce: CEO Krithivasan IT company has trained 300,000 employees in basic foundational AI skills - NEWS as on 2024-04-16 business-standard.com

Company Announcement Tata Consultancy Services Limited has informed the Exchange about Copy of Newspaper Publication - NEWS as on 2024-04-15

TCS opens new delivery center in Londrina, Brazil Present in Londrina since 2018, TCS employs around 1,700 people in the city. The new centralized campus will bring the city workforce under one roof, creating a vibrant hub for collaboration and innovation in Londrina. The delivery center will specialize - NEWS as on 2024-04-15 business-standard.com

Aspire to further expand operating profit margin: TCS CEO Krithivasan Having exited FY24 with an operating profit within its aspirational band, the country's largest IT services company TCS will be looking at expanding further on the key metric and take it "as close to" 28 per cent as possible, a top company official has sai - NEWS as on 2024-04-15 business-standard.com

Stocks in news: TCS, Anand Rathi, Aster DM, Bharti Hexacom, Varun Beverages IT bellwether TCS reported better than expected numbers for the fourth quarter ended March as its profit rose 9% year-on-year to Rs 12,434 crore. Revenue from operations, meanwhile, jumped 3.5% year-on-year. - NEWS as on 2024-04-15 indiatimes.com

ITC, TCS among top largecap additions by mutual funds in March Among the funds shopping for ITC were ICICI Prudential MF which topped the charts with a share purchase worth Rs 4,892 crore. As for TCS, SBI MF's prominent addition in March was this IT stock where the latter bought shares worth Rs 2,205 crore - NEWS as on 2024-04-13 indiatimes.com

TCS Q4 results Highlights: Net profit beats estimates, revenue up 3.5%; CEO says quarter of strong deals and execution TCS Q4 Results Highlights: During the post-earnings presser, Krithivasan said, #39;This is a quarter of strong deals and execution for us. Continuous focus on operational excellence helped us achieve 26% operating margin#39; - NEWS as on 2024-04-12 moneycontrol.com

Company Announcement Tata Consultancy Services Limited has informed the Exchange that Board of Directors at its meeting held on April 12, 2024, recommended Final Dividend of Rs. 28 per equity share. - NEWS as on 2024-04-12

TCS headcount declines for first time in 19 years; hits campus route Total employee base now remains at 601,546 - NEWS as on 2024-04-12 business-standard.com

More announcements and NEWS

TCS Tata Consultancy Services Limited current price & indicator signals

Moving Averages for Tata Consultancy Services Limited

  • 5Day Average: 3900.72
  • 12Day Average: 3935.08
  • 20Day Average: 3928.23
  • 50Day Average: 4034.97
  • 100Day Average: 3887.58
  • 150Day Average: 3754.86
  • 200Day Average: 3665.75

TCS Indicators & signals

Indicator MACD (12,26,9)

3921.06, 3958.96, -28.1
Indicator MACD is in negative zone

Indicator ADX (14)

15.45, 17.91, 24.46
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 51
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of TCS Tata Consultancy Services Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
19 Fri Apr 2024 3826.20 3800.90 to 3852.55 -0.93% 0.97 times
18 Thu Apr 2024 3862.00 3850.00 to 3936.00 -0.28% 1.14 times
16 Tue Apr 2024 3872.80 3862.85 to 3928.70 -1.74% 1 times
15 Mon Apr 2024 3941.20 3919.05 to 4064.20 -1.5% 1.38 times
12 Fri Apr 2024 4001.40 3945.50 to 4013.35 0.42% 1.43 times
10 Wed Apr 2024 3984.65 3918.00 to 3990.20 0.97% 0.69 times
09 Tue Apr 2024 3946.55 3925.05 to 4015.85 -0.65% 0.62 times
08 Mon Apr 2024 3972.55 3960.00 to 4032.65 -0.17% 0.76 times
05 Fri Apr 2024 3979.25 3960.50 to 4002.00 -0.6% 0.54 times
04 Thu Apr 2024 4003.30 3935.25 to 4028.65 1.42% 1.12 times
03 Wed Apr 2024 3947.30 3851.00 to 3981.00 1.63% 1.31 times
02 Tue Apr 2024 3883.80 3873.00 to 3909.85 -0.84% 0.71 times

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