Birlasoft share price today on November 29, 2024: Today on November 29 at 11:13 am Birlasoft shares are trading at the price ₹593.2, 0.41% higher than the previous close. Sensex is traded at ₹79740.03, up 0.88%. The stock has reached a high of ₹594.8 and a low of ₹588 during the day.
Technically, the stock is trading above the 5-day, 10-day, 20-day and 50-day SMA and below the 100,300-day SMA. The stock will find support at 5, 10, 20, 50 days SMA and resistance at 100,300 days SMA
The SMA values for the stock are provided below:
The classic pivot level analysis shows that the stock faces important resistance on the daily time frame ₹599.77, ₹607.78, & ₹612.97 while it has key support levels at ₹586.57, ₹581.38, & ₹573.37.
Till 11 am today, the volume traded on NSE and BSE for Birlasoft was -68.22% lower than the previous trading session. In addition to the price, the traded volume is an important indicator for examining trends. A positive price movement on higher volume indicates a sustained upward movement, and a negative price movement on higher volume could be an indication of a further price decline.
Overall, the stock is pointing to a trend reversal after a strong downtrend, according to Mint’s technical analysis.
From a fundamental analysis perspective, the company has an ROE of 22.71% and an ROA of 17.54%, respectively. The stock’s current P/E ratio is 26.80 and the P/E ratio is 5.02.
The forecast 1-year average upside potential for this stock is 10.42% with a price target of ₹655.00.
The company has a promoter holding of 0.00%, MF holding of 22.54% and FII holding of 11.71%, as per filings in the September quarter.
MF ownership increased from 19.55% in June to 22.54% in the September quarter.
The FII shareholding has declined from 18.82% in June to 11.71% in the September quarter.
Birlasoft’s share price is up 0.41% today and is trading at ₹593.2, while his colleagues are mixed. Its competitors like Sonata Software are falling today, but its rivals Zensar Technologies, Newgen Software Technologies and Happiest Minds Technologies are on the rise. Overall, benchmark indices Nifty and Sensex rose 0.84% and 0.88% respectively.
