TCS Share Price Buy or Sell; Share of the legendary IT company at Rs 3100, buy-sell or hold? Market experts say…
TCS share price
Shares of the Tata group’s major IT company fell to Rs 3111 from a 52-week high of Rs 3835.60. The stock also fell for the 9th session in a row on Tuesday, but this afternoon is trading at 3,117.65 points, up 0.37%. On the NSE on Wednesday, Rs. The IT stock was trading marginally higher from its 52-week low of Rs 2,926.10, which closed at Rs 3,111 per share. Yet the stock has fallen nearly 19% from its one-year high of Rs 3,835.60 on April 5, 2022.
Big fluctuations in the stock market, what should middle class investors do now?
Should TCS Stock Buy-Sell or ‘Hold’?
Market analysts have predicted a massive ‘recession’ and further declines in the near future. Ganesh Dongre, Senior Manager Technical Research Analyst at Anand Rathi Shares & Stock Brokers said, “We can see a sell-off in this stock at Rs 2,900 level. So investors should avoid taking long positions at this level and wait. The next support level is 2,800-2 ,900 is Rs.If you want to make strong earnings from the stock market, it is very important that you be patient.
When investing… keep this in mind!
Meanwhile, the stock has an average target price of Rs 3,693.87, indicating a potential upside of 18.92 percent, according to Trendline data. In addition, analysts have cautioned investors against IT stocks in the wake of the recent US-Europe banking crisis. A sudden change in the company’s leadership also seems to be affecting investor sentiment. After TCS CEO Rajesh Gopinathan resigned, the company K. Krithivasan was appointed as CEO and will hold the charge as Chief Executive and Managing Director for the next financial year.
(Note : The above details are only about stock performance, it should not be considered as investment advice. Investing in stock market is subject to risk so consult your advisor before investing.)
