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TCS rises on inking pact with LACChain

27 May 2021 Evaluate

Tata Consultancy Services is currently trading at Rs. 3214.55, up by 56.35 points or 1.78% from its previous closing of Rs. 3158.20 on the BSE.

The scrip opened at Rs. 3165.40 and has touched a high and low of Rs. 3218.00 and Rs. 3162.95 respectively. So far 36958 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3358.80 on 09-Apr-2021 and a 52 week low of Rs. 1941.20 on 27-May-2020.

Last one week high and low of the scrip stood at Rs. 3218.00 and Rs. 3055.35 respectively. The current market cap of the company is Rs. 1168234.40 crore.

The promoters holding in the company stood at 72.19%, while Institutions and Non-Institutions held 23.51% and 4.31% respectively.

Tata Consultancy Services (TCS) has partnered with LACChain, an initiative led by IDB Lab, the innovation laboratory of the Inter-American Development Bank Group, to drive the development of a blockchain ecosystem across Latin America and the Caribbean. The LACChain alliance collaborates with technology partners and ecosystem actors to create blockchain platforms, standards, and marketplaces to innovate and co-create life-changing solutions for people who are vulnerable and affected by economic, social or environmental factors.

TCS will leverage its deep domain knowledge across industry verticals, technological expertise, and research and innovation to create a marketplace of blockchain solutions in the areas of healthcare, energy, education and financial services. The partners will focus on coming up with a range of solutions to address the urgent need of healthcare systems – such as decentralized vaccination distribution platforms and immunity passport for safe travel – which will also aid in reviving the economy and ensuring safe travel.

In the digital identity space, the partners will create blockchain solutions to enable collaboration between academics and companies to create a skills marketplace and revive the job market in the geography. In the financial services field, it will address inefficiencies in payments and settlements to offer faster settlements and financial inclusion for every citizen. The solutions will also drive the adoption of renewable energy while reducing the cost per unit, creating an abundance of energy for the people.

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.

TCS Share Price

2392.45 -2.40 (-0.10%)
11-May-2026 16:59 View Price Chart
Peers
Company Name CMP
TCS 2392.45
Infosys 1176.80
HCL Tech. 1194.95
Wipro 196.60
Tech Mahindra 1457.10
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