TCS gains on entering into partnership with Scandinavian Airlines

11 Sep 2013

TCS is currently trading at Rs. 2007.50, up by 21.45 points or 1.08% from its previous closing of Rs. 1986.05 on the BSE.

The scrip opened at Rs. 2006.00 and has touched a high and low of Rs. 2025.00 and Rs. 1995.00 respectively. So far 8,006 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2075.85 on 04-Sep-2013 and a 52 week low of Rs. 1197.60 on 18-Dec-2012.

Last one week high and low of the scrip stood at Rs. 2075.85 and Rs. 1975.00 respectively. The current market cap of the company is Rs. 3,92,912.00 crore.

The promoters holding in the company stood at 73.96% while Institutions and Non-Institutions held 21.57% and 4.47% respectively.

Tata Consultancy Services (TCS), the leading IT services, consulting and business solutions organisation, has been selected by Scandinavian Airlines (SAS), Scandinavia's leading airline, to help transform and optimise its IT processes, applications and infrastructure. TCS will implement its proprietary cloud-based solutions to simplify and standardise the SAS IT landscape.

This Five-year deal is part of the SAS’4 Excellence Next Generation’ strategy aimed at improving the competitiveness of the SAS Group. Through this partnership, SAS will also tap into TCS’s aviation and digital innovation labs to develop solutions addressing the needs of the new digital consumer.

Tata Consultancy Services is an IT services, consulting and business solutions organisation 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, BPO, infrastructure, engineering and assurance services.


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