TCS gains on launching first Drones Research Lab in Ohio

08 May 2017

Tata Consultancy Services is currently trading at Rs. 2342.95, up by 23.00 points or 0.99% from its previous closing of Rs. 2319.95 on the BSE.

The scrip opened at Rs. 2325.00 and has touched a high and low of Rs. 2345.00 and Rs. 2318.00 respectively. So far 23070 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2740.00 on 12-Aug-2016 and a 52 week low of Rs. 2054.70 on 15-Nov-2016.

Last one week high and low of the scrip stood at Rs. 2348.00 and Rs. 2271.45 respectively. The current market cap of the company is Rs. 460971.76 crore.

The promoters holding in the company stood at 73.31%, while Institutions and Non-Institutions held 22.31% and 4.38% respectively.

Tata Consultancy Services (TCS) has opened its first Drones Research Lab in the US at its Seven Hills Park Innovation Center located in Cincinnati, OH, to address the rapidly expanding demand for unmanned aerial vehicles and business solutions across industries. The TCS Drones Research Lab-featuring both indoor labs, showcase, warehouse, and outdoor terrain footprints-provides a rapid experimentation and co-innovation environment for customers to build solutions for specific industry problems in accelerated 30-60-90-day delivery cycles.

The TCS Drones Research Lab is an extension of the global TCS Research and Innovation ecosystem bringing the combined expertise of its labs, start-ups, academia, and technology partners closer to customers. The fully operational lab is demonstrating solutions for Insurance, Manufacturing, Logistics, and Transportation industries, as well as specific environmental applications.

TCS is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPS, infrastructure, engineering and assurance services.

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