TCS rises on entering into strategic partnership with Enento Group

Tata Consultancy Services is currently trading at Rs. 4112.50, up by 29.30 points or 0.72% from its previous closing of Rs. 4083.20 on the BSE.

The scrip opened at Rs. 4090.00 and has touched a high and low of Rs. 4157.60 and Rs. 4085.75 respectively. So far 15588 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4,157.60 on 08-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. 4156.05 and Rs. 3805.00 respectively. The current market cap of the company is Rs. 1494993.76 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 entered into strategic partnership with Enento Group, a prominent provider of digital business and consumer information services in the Nordic region. As part of this multi-year collaboration, TCS will transform Enento’s IT applications, cloud, digital workplace, and IT security for resilient business operations.

TCS will help Enento realize its vision of ‘One Enento’ by simplifying its operating model and harmonizing its technology stack. TCS’ cloud and DevOps solutions will help accelerate Enento’s business agility and provide a best-in-class digital customer experience. Furthermore, TCS will work with Enento to strengthen its IT security, provide modern workplace services, and enable resilient round-the-clock business operations. TCS will leverage its strong local presence across the Nordics to deliver high-quality services with required business agility. 

Enento Group is one of the leading credit and business information providers in the Nordics, with 76,000 corporate customers within banking, finance, retail, and more, alongside 500,000 consumers. It plays a pivotal role in facilitating digital decision processes and supporting financial, sales, and marketing processes for its customers. Enento chose TCS as its trusted technology partner due to its proven expertise in delivering large-scale digital transformations and a strong cultural match between the two companies. 

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.