Should you buy, sell or hold TCS shares after Q4 results?
Post Q4 numbers, most brokerages remained bullish on TCS, expecting the share price to rise up to 15% to ₹4,700 from the current market price.
Post Q4 numbers, most brokerages remained bullish on TCS, expecting the share price to rise up to 15% to ₹4,700 from the current market price.
The Tata Group stock has seen strong buying this month amid reports of a possible listing of Tata Sons, in which the chemicals company owns a 3% stake.
Shares of Tata Coffee and Tata Consumer Products rise 4.2% and 3.5%, respectively, to hit their fresh 52-week highs.
The stock has risen 160% in the last eight months to hit a new 52-week high of ₹4,521.90 intraday, rebounding from its 52-week low of ₹1,735 touched on March 31, 2023.
The lesser-known Tata Group stock gained nearly 5% in intraday on Friday after it received an advance of ₹750 crore from sister company TCS for BSNL project.
Extending its gaining streak, the Tata Group stock jumped 3% on Tuesday as investors rushed to buy shares ahead of its first quarter earnings report.
The auto major reported 10% growth in monthly domestic sales, while third quarter figures jumped 14% on a year-on-year basis.
The multibagger stock has more than doubled investors’ money in just seven trading days, from ₹169 on September 12, to ₹356 on the BSE today.
If you had invested ₹1 lakh in this largecap multibagger stock on April 12 last year, your investments would have tripled to ₹3.28 lakh at present.
An investment of ₹1 lakh in this multibagger telecom stock at the mid of January last year would have grown to around ₹19 lakh in just one year.