25-04-2024 11:22 AM | Source: Accord Fintech
TCS rises on entering into strategic partnership with Amazon Web Services

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Tata Consultancy Services is currently trading at Rs. 3838.35, up by 7.10 points or 0.19% from its previous closing of Rs. 3831.25 on the BSE.

The scrip opened at Rs. 3814.20 and has touched a high and low of Rs. 3868.00 and Rs. 3807.80 respectively. So far 27664 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4,254.45 on 18-Mar-2024 and a 52 week low of Rs. 3,156.20 on 16-Jun-2023.

Last one week high and low of the scrip stood at Rs. 3896.00 and Rs. 3801.00 respectively. The current market cap of the company is Rs. 1390991.84 crore.

The promoters holding in the company stood at 71.77%, while Institutions and Non-Institutions held 23.36% and 4.87% respectively.

Tata Consultancy Services (TCS) has entered into a strategic partnership with Amazon Web Services (AWS) to accelerate its customers’ cloud transformation journey at scale. This new strategic transformation agreement with AWS will enable TCS to facilitate full-stack digital transformation of its customers by leveraging data and generative artificial intelligence (AI) solutions on AWS. 

Through this multi-year tie-up, TCS will provide its customers with tools to create modern architectures, deliver business value using state-of-the-art cloud-native capabilities and drive modernization at scale. These include a clear cloud modernization roadmap, access to modernization platforms and tools, exclusive investment models and technology betas, and proof-of-concept (POC) projects. The customers selected for this program are globally distributed across all verticals, particularly within banking and financial services, life sciences, healthcare, travel, transportation, hospitality, manufacturing, automotive and communications and telecom. 

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.