Tata Consultancy Services gains on partnering with TAP Air Portugal
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Tata Consultancy Services is currently trading at Rs. 3348.80, up by 16.15 points or 0.48% from its previous closing of Rs. 3332.65 on the BSE.
The scrip opened at Rs. 3334.00 and has touched a high and low of Rs. 3355.70 and Rs. 3322.05 respectively. So far 12841 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. 2926.00 on 26-Sep-2022.
Last one week high and low of the scrip stood at Rs. 3355.70 and Rs. 3172.40 respectively. The current market cap of the company is Rs. 1219433.76 crore.
The promoters holding in the company stood at 72.30%, while Institutions and Non-Institutions held 21.63% and 6.06% respectively.
Tata Consultancy Services (TCS) has been selected as a strategic partner by TAP Air Portugal, the flag carrier airline of Portugal and a member of Star Alliance, to accelerate its digital transformation and drive innovation.
TAP has embarked on a new business strategy focused on becoming a sustainable airline and strengthening its leadership position in the industry. The company selected TCS as its partner for its proven experience in delivering successful digital transformation programs in the airline industry and its extensive portfolio of intellectual property.
TCS will establish an Airline Digital Center (ADC) in Portugal, staffed with consultants with deep domain knowledge of the airline industry, solution architects and technology experts. The center will leverage the local talent pool as well as TCS’ global teams to build new systems that innovatively use digital technologies to reimagine customer experience and help TAP establish competitive differentiation. In the future, this ADC will be used as a nearshore center to service other global airline customers of TCS, creating more technology jobs in Portugal.
TCS will also help TAP adopt a new operating model to manage its application estate to drive greater agility and enhance operational resilience. It will also assist in rationalizing and modernizing the estate using cloud-native technologies to improve time to market. Further, TCS will maintain TAP’s data estate and help build new analytics to enable superior decision making, enrich customer experience and improve operational performance.
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.
