Tata Consultancy Services (TCS) share price rose 3% on Wednesday, 14 October, extending gains for a second consecutive session as investors continued to react to the IT major’s Q2 results and its upbeat growth outlook. TCS shares have rebounded nearly 14% from their 29 September low of ₹2,032.
TCS share price today opened at ₹2,277 apiece on the BSE, the stock touched an intraday high of ₹2,335.45 per share, and an intraday low of ₹2,268 per share.
Sudeep Shah, Head of Technical and Derivatives Research at SBI Securities, said TCS has staged a nearly 14% pullback from its 29 September low of ₹2,032. The stock has reclaimed its 20-day, 50-day and 100-day exponential moving averages (EMAs), signalling an improvement in its near-term price structure. The recovery has been accompanied by rising trading volumes, while the Relative Strength Index (RSI) has moved above 60, indicating renewed bullish momentum.
Shah said the ₹2,250–2,260 zone is likely to act as immediate support. He expects the stock’s recovery to extend as long as it sustains above this level.
TCS, which kicked off the September-quarter earnings season for corporate India on 8 October, reported a 15% year-on-year increase in net profit to ₹13,884 crore for Q2 FY27, compared with ₹12,075 crore in the year-ago period. Profit was also higher than the ₹13,349 crore reported in the preceding June quarter.