Tata Consultancy Services (TCS) share price jumped 3.5 per cent to hit a fresh 52-week high of Rs 3,230 apiece on BSE today, following better-than-expected October-December quarter results for the fiscal.
Although the multiplex sector in India is not a new industry but remains a largely fragmented space with top four operators controlling only 24% of the screen share at the end of the previous fiscal year.
Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic equity markets entered into the new year with gains. Sensex and Nifty end at their highest ever closing levels. Broader markets outperform benchmarks.
With the intermediate uptrend still intact, we expect the recent correction to be more of a short term nature and may have possibly bottomed out with the strong price action seen in the last two sessions.