TCS moves up on expanding partnership with Co-op
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Tata Consultancy Services is currently trading at Rs. 4021.65, up by 32.35 points or 0.81% from its previous closing of Rs. 3989.30 on the BSE.
The scrip opened at Rs. 3968.35 and has touched a high and low of Rs. 4044.95 and Rs. 3968.35 respectively. So far 4683 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4184.55 on 09-Feb-2024 and a 52 week low of Rs. 3070.30 on 17-Apr-2023.
Last one week high and low of the scrip stood at Rs. 4147.00 and Rs. 3968.35 respectively. The current market cap of the company is Rs. 1443363.65 crore.
The promoters holding in the company stood at 72.41%, while Institutions and Non-Institutions held 22.54% and 5.03% respectively.
Tata Consultancy Services (TCS) has expanded its partnership with The Co-operative Group (Co-op), one of the world’s largest consumer co-operatives with interests across food, funerals, insurance and legal services, to adopt a cloud first strategy that will support the group’s business growth.
TCS has been the strategic partner to Co-op for the past 14 years, supporting a number of business-critical and workplace transformations. These include their retail business transformation, core system transformation and franchise programme. These initiatives have helped Co-op accelerate time to market, create new revenue streams, and enhance agility to respond in real time to emerging business scenarios.
The expanded partnership will see TCS help Co-op move from a traditional data centre model to a fully managed, scalable cloud environment powered by TCS Enterprise Cloud. This migration to a scalable cloud will help Co-op by enabling a foundation for future capabilities and growth, while reducing energy usage and supporting sustainability goals. TCS will also manage the hybrid cloud and SaaS estate for enhanced resilience and agility.
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.
