TCS trades higher on the bourses

14 Oct 2011

TCS is currently trading at Rs. 1098.00, up by 7.20 points or 0.66% from its previous closing of Rs. 1090.80 on the BSE.

The scrip opened at Rs. 1088.60 and has touched a high and low of Rs. 1099.50 and Rs. 1088.00 respectively. So far 13,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1247.00 on 06-Apr-2011 and a 52 week low of Rs. 902.90 on 22-Aug-2011.

Last one week high and low of the scrip stood at Rs. 1103.50 and Rs. 1035.55 respectively. The current market cap of the company is Rs. 2,14,902.00 crore.

The promoters holding in the company stood at 74.08% while Institutions and Non-Institutions held 20.90% and 5.03% respectively.

Tata Consultancy Service (TCS), a leading IT services, consulting and business solution organizations, has reported that the International Retail Core Banking report has placed TCS BaNCS product in the leader’s quadrant. TCS BaNCS is one of the 20 core banking platforms that were profiles from an original list of 48 candidates. Gartner defines ‘leaders’ as vendors that demonstrates strong developments methodologies. All of these vendors have a measurable strategy for disaggregating core banking software functionality into components based constructions.

TCS BaNCS Core Banking solution version 12 is the centerpiece of this evaluation along with myriad other aspects that cumulatively drive the go-to-market strategy for TCS Financial Solutions. The latest version contains important functional additions like IFRS reporting, advanced multi entity support and extensibility layer enhancements. Advanced multi-entity support allows collocation of multiple business entities of a financial institution, including those spanning across geographies. These provisions that configure and control cross-entity transactions and 360 degree views of the customer and the bank across entities, continues to differentiate TCS BaNCS.

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

Related Tata Consultancy Services Ltd. Links:

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