01-01-1970 12:00 AM | Source: Accord Fintech
Tata Consultancy Services surges on partnering with Envestnet
News By Tags | #409 #572 #171

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Tata Consultancy Services is currently trading at Rs. 3221.00, up by 4.15 points or 0.13% from its previous closing of Rs. 3216.85 on the BSE.

The scrip opened at Rs. 3242.55 and has touched a high and low of Rs. 3261.20 and Rs. 3216.00 respectively. So far 41398 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3835.50 on 05-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. 3389.70 and Rs. 3210.00 respectively. The current market cap of the company is Rs. 1184800.83 crore.

The promoters holding in the company stood at 72.30%, while Institutions and Non-Institutions held 22.25% and 5.45% respectively.

Tata Consultancy Services (TCS) has partnered with Envestnet Data and Analytics as the latter expands its technology ecosystem, embraces cloud first data architectures, and continues to bring comprehensive financial wellness solutions more efficiently to its clients.

The partnership with TCS will see both firms collaborate on transformative market opportunities, and co-innovate to bring insights and products that will help global financial institutions deepen client relationships and deliver greater lifetime value. In addition to expanding its core platform and cloud enabling its data estate, TCS will leverage its cloud capabilities and Machine First approach to enhance Envestnet D&A’s technology infrastructure, streamline operations, and increase product innovation.

This partnership will deliver a holistic data platform that aims to transform client experiences across banking, payments, lending and wealth products, enable users to augment current data sets with new data from alternate sources and create insights for potential new portfolio strategies.

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.