TCS moves up on signing MoU with ABB to strengthen IT, AI, and engineering partnership
Tata Consultancy Services is currently trading at Rs. 2377.60, up by 21.05 points or 0.89% from its previous closing of Rs. 2356.55 on the BSE.
The scrip opened at Rs. 2379.10 and has touched a high and low of Rs. 2407.80 and Rs. 2373.00 respectively. So far 29600 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3708.90 on 25-Mar-2025 and a 52 week low of Rs. 2350.10 on 19-Mar-2026.
Last one week high and low of the scrip stood at Rs. 2483.05 and Rs. 2350.10 respectively. The current market cap of the company is Rs. 864017.39 crore.
The promoters holding in the company stood at 71.77%, while Institutions and Non-Institutions held 23.24% and 4.98% respectively.
Tata Consultancy Services (TCS) has signed a Memorandum of Understanding (MoU) with ABB to strengthen the two companies’ strategic collaboration across IT infrastructure and applications, digital and industrial artificial intelligence (AI) initiatives, data centres, and other emerging technologies. The MoU reflects the Parties’ shared intent to drive innovation, operational resilience, and sustainable growth through a long-term partnership approach.
As part of the MoU, the parties will combine ABB’s leadership in electrification and automation with TCS’ global technology and delivery capabilities across key collaboration areas, including IT infrastructure and application transformation, AI and factory modernization, and AI infrastructure development opportunities.
