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TCS trades higher on bagging multi-million deal from GDF Suez

25 Mar 2014 Evaluate

TCS is currently trading at Rs. 2167.00, up by 14.65 points or 0.68% from its previous closing of Rs. 2152.35 on the BSE.

The scrip opened at Rs. 2149.70 and has touched a high and low of Rs. 2172.00 and Rs. 2130.00 respectively. So far 35623 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2384.20 on 14-Jan-2014 and a 52 week low of Rs. 1364.00 on 30-Apr-2013.

Last one week high and low of the scrip stood at Rs. 2157.25 and Rs. 2014.70 respectively. The current market cap of the company is Rs. 423085.24 crore.

The promoters holding in the company stood at 73.90% while Institutions and Non-Institutions held 21.59% and 4.51% respectively.

Tata Consultancy Services (TCS) has bagged a multi-million, multi-year deal from GDF Suez, a global leader in the energy sector. This is the first landmark deal won by the company’s new integrated entity which, emerged through its acquisition of Alti S.A in July 2013. The engagement will pan across France, Belgium, and the Netherlands to rationalize and standardize CRM and billing applications.

Recently, the company unveiled its plans to further activate the capabilities and the talent pool it had acquired, by setting up a new TCS SAP Innovation Center. The center will seek to develop cutting edge enterprise solutions for multiple industries, in co-innovation with TCS' customers. It will be located in the lle-de-France region and is expected to be operational later in 2014.

TCS has been operating in France since 1992 and has over 50 clients in the country, including several of the CAC 40. Over the last five years, TCS has significantly strengthened its position in the country through local hiring and investments. In recognition of these initiatives, the company had been conferred the special award for Investment and Innovation by the Greater Paris Investment Agency in 2012. The recent acquisition of Alti has propelled TCS into the list of the top IT services firms in the country and was also recognized with the 'Deal maker of the year 2013' award by Finance Monthly.

TCS Share Price

2610.55 32.10 (1.24%)
21-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
TCS 2610.55
Infosys 1313.10
HCL Tech. 1441.55
Wipro 205.05
Tech Mahindra 1500.35
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