TCS trades higher on the bourses

TCS is currently trading at Rs. 2102.90, up by 10.10 points or 0.48% from its previous closing of Rs. 2092.80 on the BSE.

The scrip opened at Rs. 2090.00 and has touched a high and low of Rs. 2139.90 and Rs. 2061.05 respectively. So far 74,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2258.05 on 15-Oct-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. 2148.00 and Rs. 2031.85 respectively. The current market cap of the company is Rs. 4, 11,724 crore.

The promoters holding in the company stood at 73.96% while Institutions and Non-Institutions held 21.67% and 4.37% respectively.

Tata Consultancy Services (TCS), a leading IT services, consulting and business solutions organization, has been ranked second overall in the prestigious annual ‘TOP20 Service Outsourcing MNCs in China’ poll conducted by Chinasourcing and Devott Service Outsourcing Research Center. This is the fourth consecutive year that TCS has been recognized on the list, and this year's number two rating advances from number seven last year.

The 'TOP20 Service Outsourcing MNCs in China’ award recognizes the leading service outsourcing multinationals (MNCs) operating in the China market. It is granted after several months of selection process that incorporates stringent criteria and processes. Companies are evaluated based on their operational efficiency, managing ability and scale of operations.

This year's award was presented at a high profile ceremony held in Chengdu, China on 26 September 2013. The complete list of winners, evaluated for year 2012.

The Top20 award is the latest amongst a series of high-level recognition for TCS China. In July, TCS China was awarded the ‘2013 Top 10 Global Service Providers in China’ by the China Council for International Investment Promotion (CCIIP). TCS has been expanding its presence in China since 2002, the year the company entered the country as the first Indian IT company. It is the first WOFE (wholly-owned foreign enterprise) in China and now operates six Global Delivery Centers in China (Beijing, Shanghai, Hangzhou, Tianjin, Shenzhen & Dalian). TCS China currently has global and domestic clients from financial services, manufacturing, telecom, retail, automobile as well as the government sector. It has proven delivery capabilities in ADM, Enterprise Solutions, EIS, BPO-KPO, Assurance Services and Infrastructure Services. In January 2013, TCS was conferred the 'Outstanding Contribution to China Smart City' Award by the China Smarter City Forum. The Chinese Premier Li Keqiang recently visited TCS' facilities in Mumbai. The Tata group was the only Indian private enterprise on the itinerary of the Premier during his three-day visit to India.