TCS gains on inking pact to drive IT transformation of UPM
TCS is currently trading at Rs 3919.25, up by 10.15 points or 0.26% from its previous closing of Rs 3909.10 on the BSE.
The scrip opened at Rs 3925.00 and has touched a high and low of Rs 3935.80 and Rs. 3900.60 respectively. So far 57551 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 1 has touched a 52-week high of Rs 4585.90 on 02-Sep-2024 and a 52-week low of Rs 3593.30 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs 4051.95 and Rs 3900.60 respectively. The current market cap of the company is Rs 1418018.95 crore.
The promoters holding in the company stood at 71.77%, while Institutions and Non-Institutions held 23.58% and 4.64% respectively.
Tata Consultancy Services (TCS) has signed an agreement to drive end-to-end IT transformation of UPM, a global company with a business portfolio of decarbonization solutions, advanced materials, renewable fibres, and communication papers, based on sustainable, renewable feedstock. The digital transformation will help drive growth for UPM, enhance user experience, and boost adoption of an AI-first operating model.
To strengthen the enterprise IT value chain of UPM, the company will deploy its AI-powered autonomous enterprise platform ignio. The platform will improve operational efficiency, enable continuous improvement, and increase IT system readiness and reliability. As part of the agreement, the company will provide digital services including service desk, workspace services, onsite support services, business and platform application services, network and connectivity services, hybrid cloud services and Service Integration and Management (SIAM). The company will also enhance the digital experience of UPM's 15,800 employees by using AI to support better human-machine collaboration. By driving continuous innovation, the company will enable UPM to remain a perpetually adaptative enterprise.
Tata Consultancy Services (TCS) is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses.
