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TCS moves up on forming strategic partnership with Vistara

22 Apr 2016

Tata Consultancy Services (TCS) is currently trading at Rs. 2426.05, up by 2.85 points or 0.12% from its previous closing of Rs. 2423.20 on the BSE.

The scrip opened at Rs. 2411.00 and has touched a high and low of Rs. 2435.00 and Rs. 2404.95 respectively. So far 26083 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2769.00 on 05-Oct-2015 and a 52 week low of Rs. 2119.00 on 29-Feb-2016.

Last one week high and low of the scrip stood at Rs. 2553.15 and Rs. 2404.95 respectively. The current market cap of the company is Rs. 475976.57 crore.

The promoters holding in the company stood at 73.42% while Institutions and Non-Institutions held 22.00% and 4.58% respectively. 

Tata Consultancy Services has entered into long term strategic partnership with Vistara, India's fastest growing full service carrier. As per the agreement TCS will provide a broad range of IT services in the area of IT Management, application maintenance and application development to help Vistara achieve its goal in customer experience, operational excellence as well as cost leadership.

In a short span of 15 months, Vistara has rapidly expanded its footprint both in terms of network and service proposition. Vistara currently offers almost 400 weekly flights to 16 destinations in India, i.e. Delhi, Mumbai, Bengaluru, Hyderabad, Pune, Ahmedabad, Lucknow, Goa, Guwahati, Bagdogra, Bhubaneswar, Varanasi, Srinagar, Jammu, Kochi and Chandigarh (w.e.f. 2 May’16). Vistara has already flown more than 1,600,000 happy customers.

After a rigorous selection process to determine most proficient vendors in the sector, Vistara chose TCS based on its vast and proven experience of providing a comprehensive range of services and solutions to the world's leading airlines. More specifically, TCS was selected for its IT capabilities and experience in the area of airline applications, passenger service system (PSS) solutions, integration capabilities, infrastructure, consulting, vision and innovation.


Related Tata Consultancy Services Ltd. Links:

TCS Share Price

3500.05 -33.35 (-0.94%) Oct 22, 18:01
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SEBI Registered: Investment Adviser - INA000013323