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TCS trades higher on the bourses

Tata Consultancy Services (TCS) is currently trading at Rs. 2838.55, up by 91.35 points or 3.33% from its previous closing of Rs. 2747.20 on the BSE.

The scrip opened at Rs. 2748.20 and has touched a high and low of Rs. 2853.00 and Rs. 2748.20 respectively. So far 74551 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2853.00 on 16-Jan-2018 and a 52 week low of Rs. 2154.30 on 02-Feb-2017.

Last one week high and low of the scrip stood at Rs. 2853.00 and Rs. 2678.90 respectively. The current market cap of the company is Rs. 544040.53 crore.

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

TCS has expanded strategic technology partnership with Marks and Spencer (M&S) to enable the iconic retailer to become a digital-first business. As part of M&S' five-year plan to transform its business, the retailer aims to make its technology function deliver more commercial opportunities. TCS will be M&S' principal technology partner and drive agility, intelligence, and innovation and efficiency to transform the retailer's customer experience and drive growth of M&S' business. TCS will transition M&S to a new Technology Operating Model, which embraces the agile mind-set to transform business and IT strategy, aligned with rapid technology innovation to meet fast changing business priorities. This new partnership will bring the best of TCS capabilities to M&S.

TCS is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. The company offers a consulting-led, integrated portfolio of IT, BPS, infrastructure, engineering and assurance services.

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