TCS gains on extending partnership with SBI for five years
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Tata Consultancy Services is currently trading at Rs. 3839.70, up by 6.00 points or 0.16% from its previous closing of Rs. 3833.70 on the BSE.
The scrip opened at Rs. 3844.00 and has touched a high and low of Rs. 3858.00 and Rs. 3817.75 respectively. So far 37355 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3981.55 on 16-Sep-2021 and a 52 week low of Rs. 2600.00 on 02-Nov-2020.
Last one week high and low of the scrip stood at Rs. 3858.00 and Rs. 3708.05 respectively. The current market cap of the company is Rs. 1417994.35 crore.
The promoters holding in the company stood at 72.19%, while Institutions and Non-Institutions held 23.44% and 4.38% respectively.
Tata Consultancy Services’ (TCS) long-standing partnership with State Bank of India (SBI) has been extended for another five years as the bank embarks on its next leg of growth based on the three pillars of technology, resilience and people.
As part of the new contract, the company will continue to maintain and enhance SBI’s application estate around core banking, trade finance, financial reporting, and financial inclusion with new features and functionality. This will support the bank’s ability to launch newer offerings and respond to business and regulatory changes. The extended partnership builds on a two decades long relationship between the two partners that began with the implementation of the TCS BaNCS core banking solution in 2001, the largest such transformational program of that era.
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
