TCS rises on extending partnership with Marks and Spencer plc
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Tata Consultancy Services is currently trading at Rs. 3182.05, up by 7.90 points or 0.25% from its previous closing of Rs. 3174.15 on the BSE.
The scrip opened at Rs. 3180.00 and has touched a high and low of Rs. 3189.40 and Rs. 3148.90 respectively. So far 14819 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3621.95 on 29-Apr-2022 and a 52 week low of Rs. 2926.00 on 26-Sep-2022.
Last one week high and low of the scrip stood at Rs. 3189.40 and Rs. 3072.35 respectively. The current market cap of the company is Rs. 1164328.44 crore.
The promoters holding in the company stood at 72.30%, while Institutions and Non-Institutions held 22.35% and 5.35% respectively.
Tata Consultancy Services (TCS) has extended its partnership with Marks and Spencer plc (M&S), to transform the latter’s core technology stack, improve resilience and pace of innovation, and drive sustainable growth.
TCS has been a strategic partner to M&S for over a decade, helping the retailer drive numerous business-critical transformation programmes, including its journey to become a digital-first enterprise. In the next phase of this partnership, TCS will simplify M&S’ technology landscape and modernise its core business systems with a cloud-first and composable platform strategy. Leveraging its engineering talent and practices, TCS will help drive a culture of futuristic thinking and continuous innovation.
The modernisation program will help M&S reduce technical debt, improve time to market and enhance scalability. Additionally, the transformation into a simple, agile, data-led business will accelerate M&S’ strategic priorities of delivering superior customer experience, driving online growth, leading in omnichannel and sustainability, modernising its supply chain, and expanding its global reach.
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.
