TCS rises on inking office space deal with Brigade Group

16 May 2017

Tata Consultancy Services (TCS) is currently trading at Rs. 2407.40, up by 43.00 points or 1.82% from its previous closing of Rs. 2364.40 on the BSE.

The scrip opened at Rs. 2378.70 and has touched a high and low of Rs. 2408.05 and Rs. 2375.50 respectively. So far 95,000 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 16-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. 2408.05 and Rs. 2316.00 respectively. The current market cap of the company is Rs. 4,74,117.00 crore.

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

TCS has signed a deal for office space with Brigade Group for ‘Brigade Bhuwalka Icon’, a 3.75 lakh square feet development strategically located on Whitefield main road. The world class office space will house more than 4,000 IT professionals and the office is expected to start operations in around 4 months.

The company has recently set up a Business Process Service (BPS) centre in Patna under the India BPO Promotion Scheme (IBPS), envisaged under Digital India Programme to leverage IT industry’s growth to create new opportunities for India’s talent and drive inclusive growth.

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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