Robust Trading Volumes Highlight Investor Focus
TCS emerged as one of the most actively traded equities by value on the day, with a total traded volume of 12,94,860 shares. The total traded value stood at ₹33,774.09 crores, underscoring strong investor participation. This level of liquidity supports sizeable trade executions, with the stock’s liquidity comfortably accommodating trade sizes up to ₹20 crores based on 2% of the five-day average traded value.
The delivery volume on 23 Feb surged to 33.31 lakh shares, marking a 137.07% increase compared to the five-day average delivery volume. This spike in delivery volumes indicates rising investor conviction, possibly from institutional players, despite the recent price weakness.
Price Movement and Technical Indicators
On 24 Feb, TCS opened at ₹2,641.0 and touched an intraday high of ₹2,647.5 before sliding to a low of ₹2,581.0. The last traded price (LTP) was ₹2,588.3, close to its 52-week low of ₹2,585, just 0.43% away. The stock has been on a downward trajectory for two consecutive days, losing 3.35% over this period.
Technically, TCS is trading below all major moving averages — 5-day, 20-day, 50-day, 100-day, and 200-day — signalling a bearish trend in the short to long term. This technical weakness aligns with the broader IT - Software sector’s decline of 3.12% on the same day, reflecting sector-wide headwinds.
Market Capitalisation and Sector Context
With a market capitalisation of ₹9,68,146 crores, TCS remains a dominant large-cap player in the Computers - Software & Consulting industry. Despite the recent price softness, the company maintains a high dividend yield of 4.07%, which may appeal to income-focused investors amid volatile market conditions.
The Sensex closed down by 0.89% on the day, indicating that TCS’s sharper decline of 3.28% was more pronounced than the broader market, but in line with sectoral weakness. This divergence suggests that sector-specific factors, such as global IT spending concerns or currency fluctuations, may be influencing investor sentiment.
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Institutional Interest and Mojo Score Upgrade
MarketsMOJO’s latest assessment upgraded TCS’s Mojo Grade from Sell to Hold on 22 Apr 2025, reflecting a cautious but improved outlook. The current Mojo Score stands at 51.0, indicating a neutral stance on the stock’s near-term prospects. The Market Cap Grade remains at 1, consistent with its large-cap status and market leadership.
Institutional investors appear to be active, as evidenced by the high delivery volumes and value traded. However, the recent price decline suggests profit booking or repositioning amid sectoral uncertainties. The stock’s performance today was inline with the sector’s 3.12% fall, signalling that broader IT sector dynamics are influencing investor behaviour more than company-specific news.
Valuation and Dividend Appeal
Despite the recent price weakness, TCS offers a relatively high dividend yield of 4.07%, which is attractive in the current market environment where fixed income yields remain subdued. This dividend yield may provide a cushion for investors seeking steady income amid volatility.
However, the proximity to the 52-week low and the stock’s trading below all key moving averages suggest caution. Investors should weigh the dividend benefits against the technical and sectoral headwinds before committing fresh capital.
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Outlook and Investor Considerations
Looking ahead, TCS faces a challenging environment with the IT sector grappling with global economic uncertainties, currency volatility, and evolving client spending patterns. The stock’s recent technical weakness and proximity to its 52-week low warrant a cautious approach.
Investors should monitor institutional activity closely, as rising delivery volumes may signal accumulation or distribution phases. The high liquidity ensures that large trades can be executed without significant price impact, which is favourable for institutional investors.
From a fundamental perspective, TCS’s strong market capitalisation, consistent dividend yield, and upgraded Mojo Grade to Hold suggest that the company remains a core holding for long-term investors, albeit with near-term volatility risks.
Comparative analysis with peers in the Computers - Software & Consulting sector is advisable to identify potentially superior investment opportunities, especially given the current sectoral headwinds.
Summary
Tata Consultancy Services Ltd. demonstrated high-value trading activity on 24 Feb 2026, with institutional interest reflected in elevated delivery volumes. Despite this, the stock declined by 3.28%, underperforming the Sensex but tracking the sector’s downward trend. Trading near its 52-week low and below key moving averages, TCS faces technical challenges, though its attractive dividend yield and large-cap status provide some support. Investors should balance these factors carefully and consider peer comparisons to optimise portfolio positioning.
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