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TCS share price was up 0.12% at Rs. 2,698 at press time. The stock opened at Rs. 2,708, slightly above its previous close of Rs. 2,694.90. During the day, it touched a high of Rs. 2,748.70 and a low of Rs. 2,695.30. The stock outperformed Sensex’s weak trend, which was down more than 600 points during intraday trade. The gain in TCS shares came on the announcement of the Tata Group and OpenAI partnership.
Here is an in-depth TCS share price analysis based on Moneycontrol data.
The deal focuses on building AI infrastructure in India with a planned capacity of 100MW.
The partnership aims to boost AI-led growth in Tata Group companies and support AI adoption in different industries. It will also focus on skill development.
Thousands of Tata employees will get access to Enterprise ChatGPT to improve productivity and speed up work processes. TCS will also use OpenAI’s Codex tool to improve software development work. Investors reacted positively to this update as it strengthens TCS’s position in the fast-growing AI sector.
20 lakh TCS shares worth Rs. 53,900 lakh exchanged hands today. The 20-day average volume is over 43 lakh shares, which means today’s volume was lower than the recent average. TCS stock has a market capitalisation of about Rs. 9.77 lakh crore, making it one of India’s largest companies.
The stock is currently trading well below its 52-week high of Rs. 3,817. Earlier, the price reached an all-time high of Rs. 4,592.25. The 52-week low of the stock stood at Rs. 2,585. This suggests that the stock is trading closer to its yearly lows than its highs.
TCS share price chart on Moneycontrol showed gains of 0.11% in the late afternoon trade:
TCS stock has a trailing twelve-month EPS of Rs. 131.88 with a PE ratio of 20.49. It is lower than the sector PE of 25.87. Its price-to-book ratio is 9.19. The company also offers a dividend yield of 4.66%, which makes it attractive for long-term investors looking for stable returns. The immediate resistance for TCS share price is near Rs. 2,730. Meanwhile, the support is seen around Rs. 2,658.
Analyst sentiment is positive for TCS shares. Out of 46 analysts on Moneycontrol, 41% recommend a ‘buy’ and 28% an ‘outperform’ rating. The rest (22%) are leaning towards ‘hold’ with some (7%) even suggesting a ‘sell’ rating. The optimistic outlook showed continued confidence in the company’s long-term growth story.
Overall, TCS share price today reflected strength despite weak market conditions. The OpenAI partnership has added fresh momentum. Investors should see how the stock performs near resistance levels and how the broader market trend shapes up in the coming sessions.
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1. How are TCS shares performing today?
TCS shares are trading at Rs. 2,698, up 0.12% in the latest session. The stock opened at Rs. 2,708 and moved between Rs. 2,748.70 and Rs. 2,695.30 during the day. Even though the broader market is weak, TCS has managed to stay in positive territory. This shows the stock is holding steady despite pressure in the overall market.
2. Did TCS and OpenAI partner? What is the deal about?
Yes, Tata Group has partnered with OpenAI to build AI infrastructure in India with a planned capacity of 100MW. The goal is to boost AI growth across Tata companies and other industries. Thousands of Tata employees will get access to Enterprise ChatGPT. TCS will also use OpenAI’s Codex to improve software development. Investors see this as a strong long-term growth move.
3. Is TCS stock a good buy right now?
TCS is trading at a PE ratio of 20.49, which is lower than the sector PE of 25.87. The company also offers a dividend yield of 4.66%, which is attractive for long-term investors. Many analysts have buy or outperform ratings on the stock. While short-term moves depend on market trends, fundamentals remain stable.
4. What is the analyst outlook for TCS shares?
Out of 46 analysts tracking the stock on Moneycontrol, the majority (41%) recommend ‘buy’ or ‘outperform’ (28%). Only 7% suggest ‘sell’. This shows that market experts remain positive about TCS’s long-term growth. The company’s strong market position, steady earnings, and focus on AI are key reasons behind this outlook.
5. What is the latest news on TCS share price?
The latest update is that TCS shares gained after the Tata Group announced a strategic AI partnership with OpenAI. The deal includes plans to build 100MW AI infrastructure in India. The stock is currently trading at Rs. 2,698, up 0.12%, even as the broader market remains under pressure.
