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24-May2018

TCS strengthens on the bourses

Tata Consultancy Services (TCS) is currently trading at Rs. 3539.45, up by 42.40 points or 1.21% from its previous closing of Rs. 3497.05 on the BSE.

The scrip opened at Rs. 3500.00 and has touched a high and low of Rs. 3550.00 and Rs. 3500.00 respectively. So far 8496 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3591.85 on 21-May-2018 and a 52 week low of Rs. 2325.00 on 29-Jul-2017.

Last one week high and low of the scrip stood at Rs. 3591.85 and Rs. 3462.50 respectively. The current market cap of the company is Rs. 669435.94 crore.

The promoters holding in the company stood at 71.92%, while Institutions and Non-Institutions held 23.81% and 4.22% respectively.

Tata Consultancy Services has welcomed more than 430 new employees to St. Petersburg, Florida, as part of its ground breaking agreement with Transamerica to transform the administration of its U.S. insurance and annuity business lines.

TCS will occupy several floors of Transamerica's building at 570 Carillon Parkway in St. Petersburg, as part of a multi-year agreement with Transamerica to rapidly enhance its digital capabilities, simplify the service of more than 10 million policies into an integrated modern platform, and drive growth opportunities through superior customer service. More than 430 former Transamerica employees now work for TCS at this new St. Petersburg facility, as part of TCS recruiting and investing in more than 2,200 Transamerica jobs across the U.S. in multiple locations.

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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