Stock market analysts have suggested investors to ‘sell’ Tata Consultancy Services (TCS) stock with an intraday target of Rs 665.

According to then, interested traders can sell the stock between Rs 680-681 with a strict stop loss of Rs 695. 
 
Analysts feel that TCS stock would remain under pressure due to recent market volatility. 

Today (Sep 26), the stock opened weak at Rs 685, against its last closure at Rs 690.20 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 47.40 and 14.13 respectively. The share price has seen a 52-week high of Rs 2387.60 and a low of Rs 1007 on BSE. 

Stock analysts have also suggested that if the stock fell below Rs 660, it may see more weakness. So the investors must sell the stock in today’s session. After selling the stock in today’s session, the interested investors can repurchase the stock at a down price, for long term period to earn good profits.

TCS and I-Sec Technologies through their connection with Star Alliance on Sep 22 made announcement about the launching of its premier alliance product for automatic document checking directed toward easing the job of travel document verification.

TCS, on Sep 17, has signed up a 5-year global contract with Ericsson to offer up application maintenance and growth services for Ericsson’s domestic IT procedures.

On Sep 16, TCS Financial Solutions, TCS’s strategic business arm, declared that the decision by LCH Clearnet to select TCS BaNCS Market Infrastructure for supplying the required technology for Synapse Clearing Technology (Synapse), LCH Clearnet’s multi-asset derivatives clearing platform.

The company (TCS) also announced that it has inked a partnership agreement with Saab for making Saab’s Aeronautical Design and Development Center (ADDC) in India. 

Moreover, TCS also announced that the company will set up a JV firm in association with state-run NTPC, NHPC and Power Finance Corp to run a national level power exchange.