TCS is consolidating sideways on the hourly time frame, and is forming a potential Cup and Handle formation on the daily chart. A recent rebound from the 100 SMA level suggests a continued bullish momentum.
Infosys share price: Th stock was last seen trading 2.67 per cent higher at Rs 1,410.80 today. At this price, turnover on the counter stood at Rs 42.88 crore with a market capitalisation (m-cap) of Rs 5,85,683.20 crore.
The recent developments hint towards the Indian IT sector phasing out remote work and bringing employees back to offices. This comes at a time when major IT players are trying to reduce inefficiencies
The Indian IT sector is facing headwinds due to the broader macroeconomic conditions and cutbacks on discretionary spends. Amid this another prominent trend is multiple senior level executives exits
Infosys share price: The stock was last seen trading 0.69 per cent lower at Rs 1,367.80 today. At this price, the scrip was up 12.54 per cent from its one-year low of Rs 1,215.45, a level seen on April 25 this year.