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21-Mar2018

Tata Consultancy Services moves up on entering into partnership with SRC

Tata Consultancy Services is currently trading at Rs. 2870.55, up by 11.40 points or 0.40% from its previous closing of Rs. 2859.15 on the BSE.

The scrip opened at Rs. 2860.25 and has touched a high and low of Rs. 2882.00 and Rs. 2860.25 respectively. So far 7081 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3254.80 on 24-Jan-2018 and a 52 week low of Rs. 2255.00 on 19-Apr-2017.

Last one week high and low of the scrip stood at Rs. 2,902.40 and Rs. 2805.00 respectively. The current market cap of the company is Rs. 550290.68 crore.

The promoters holding in the company stood at 73.57%, while Institutions and Non-Institutions held 22.38% and 4.05% respectively.

Tata Consultancy Services (TCS) has partnered Saudi Real Estate Refinance Company (SRC) whereby the latter has implemented a single, integrated technology platform for its core operations to refinance real estate, a first of its nature deployment in the Middle East region. TCS BaNCS will now service the complete mortgage refinancing lifecycle including the Treasury function as well as finance, human resources and payroll administration through its partner network.

TCS is an IT services, consulting and business solutions provider that has been partnering with the world's largest businesses in their transformation journeys for the last fifty years.


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