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Published on 11/08/2022 4:22:26 PM | Source: Accord Fintech

Tata Consultancy Services surges on inking pact with Five Star Bank

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Tata Consultancy Services is currently trading at Rs. 3413.30, up by 57.30 points or 1.71% from its previous closing of Rs. 3356.00 on the BSE.

The scrip opened at Rs. 3393.00 and has touched a high and low of Rs. 3418.80 and Rs. 3377.00 respectively. So far 66134 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4045.50 on 18-Jan-2022 and a 52 week low of Rs. 2953.00 on 15-Jul-2022.

Last one week high and low of the scrip stood at Rs. 3418.80 and Rs. 3335.00 respectively. The current market cap of the company is Rs. 1249200.14 crore.

The promoters holding in the company stood at 72.30%, while Institutions and Non-Institutions held 21.91% and 5.80% respectively.

Tata Consultancy Services (TCS) has partnered with Five Star Bank, a subsidiary of Financial Institutions, Inc. on its digital transformation journey, helping it determine lending risk and deliver hyper-personalized customer experiences using the TCS Customer Intelligence & Insights (CI&I) analytics platform.

Five Star Bank is a premier provider of consumer and commercial lending services across Central and Western New York. The bank was looking for a solution that provides contextual customer insights to help them better meet customer expectations and drive competitive differentiation. TCS will leverage the AI-powered CI&I platform’s real-time contextual engagement capabilities to help the bank gain insights to avoid attrition blind spots and drive omnichannel customer personalization

TCS is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 50 years.