TCS rises on extending partnership with Primark
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Tata Consultancy Services is currently trading at Rs. 4518.00, up by 11.25 points or 0.25% from its previous closing of Rs. 4506.75 on the BSE.
The scrip opened at Rs. 4450.00 and has touched a high and low of Rs. 4549.85 and Rs. 4450.00 respectively. So far 31843 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4564.75 on 20-Aug-2024 and a 52 week low of Rs. 3313.00 on 01-Nov-2023.
Last one week high and low of the scrip stood at Rs. 4563.15 and Rs. 4450.00 respectively. The current market cap of the company is Rs. 1634887.12 crore.
The promoters holding in the company stood at 71.77%, while Institutions and Non-Institutions held 23.41% and 4.82% respectively.
Tata Consultancy Services (TCS) has extended its partnership with Primark, a leading international fashion retailer across 17 countries in Europe and the US. Over the next five years, TCS will help transform Primark’s technology operations to support the retailer’s ambitious plans for global growth.
The company has been working with Primark since 2016, establishing itself as a trusted partner to the retailer. As well as driving business-critical integration programmes and stabilising core platforms for the retailer, it has also improved cybersecurity capabilities, improving stability and reliability of processes and systems.
As part of this expanded partnership, the company will help transform Primark’s technology operating environment to make it more resilient, reliable, and efficient. By supporting Primark’s transformation journey, it will help reduce time-to-market for the retailer, aligning with its strategies for future growth. The company will help Primark adopt a more agile and product-based operating model by enabling automation through intelligent automation and DevOps technologies. This new operating model will integrate and optimise application development, testing and maintenance processes.
TCS is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses. TCS offers a consulting-led, cognitive powered, integrated portfolio of IT, business & technology services, and engineering.
