TDCX (NYSE:TDCX) Sees Large Volume Increase

TDCX Inc. (NYSE:TDCX) saw an uptick in trading volume on Wednesday . 553,431 shares traded hands during mid-day trading, an increase of 66% from the previous session’s volume of 334,223 shares.The stock last traded at $7.20 and had previously closed at $7.20.

Wall Street Analysts Forecast Growth

TDCX has been the topic of a number of analyst reports. HSBC downgraded TDCX from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. The Goldman Sachs Group lowered their price objective on TDCX from $13.80 to $12.40 and set a “buy” rating for the company in a research report on Thursday, November 30th.

TDCX Stock Performance

The company has a market cap of $1.04 billion, a price-to-earnings ratio of 11.61 and a beta of 0.23. The company has a quick ratio of 8.16, a current ratio of 7.64 and a debt-to-equity ratio of 0.03. The stock has a 50 day simple moving average of $6.61 and a 200 day simple moving average of $5.71.

Hedge Funds Weigh In On TDCX

Several hedge funds and other institutional investors have recently made changes to their positions in TDCX. Goldman Sachs Group Inc. boosted its holdings in TDCX by 41.8% in the first quarter. Goldman Sachs Group Inc. now owns 3,253,838 shares of the company’s stock worth $39,534,000 after purchasing an additional 958,863 shares in the last quarter. Neuberger Berman Group LLC increased its holdings in shares of TDCX by 106.5% during the first quarter. Neuberger Berman Group LLC now owns 1,748,374 shares of the company’s stock worth $21,285,000 after buying an additional 901,605 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of TDCX by 82.9% in the first quarter. Bank of America Corp DE now owns 927,065 shares of the company’s stock valued at $11,263,000 after purchasing an additional 420,246 shares in the last quarter. Norges Bank acquired a new stake in shares of TDCX in the fourth quarter valued at approximately $10,771,000. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in TDCX by 69.9% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 868,623 shares of the company’s stock valued at $4,213,000 after acquiring an additional 357,278 shares during the last quarter. 10.95% of the stock is currently owned by institutional investors and hedge funds.

TDCX Company Profile

TDCX Inc, together with its subsidiaries, provides outsource contact center services for technology and other blue-chip companies in Singapore, Malaysia, Thailand, the Philippines, Japan, China, Spain, India, Colombia, South Korea, and Romania. It offers digital customer experience solutions, including after-sales service and customer support across various industry verticals, such as travel and hospitality, digital advertising and media, fast-moving consumer goods, technology, financial services, fintech, government and non-governmental organizations, gaming, e-commerce, and education.