Tata Consultancy Services Ltd.

BSE: 532540 | NSE: TCS
Large Cap | IT - Software
2268.25
66.45 (3.02%)
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TCS gains as its software venture launches ignio AI.Assurance

Date: 05-08-2020

Tata Consultancy Services is currently trading at Rs. 2265.15, up by 16.00 points or 0.71% from its previous closing of Rs. 2249.15 on the BSE.

The scrip opened at Rs. 2264.95 and has touched a high and low of Rs. 2274.00 and Rs. 2253.30 respectively. So far 142285 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2357.15 on 30-Jul-2020 and a 52 week low of Rs. 1504.40 on 13-Mar-2020.

Last one week high and low of the scrip stood at Rs. 2357.15 and Rs. 2226.00 respectively. The current market cap of the company is Rs. 843967.61 crore.

The promoters holding in the company stood at 72.05%, while Institutions and Non-Institutions held 23.87% and 4.01% respectively.

Digitate, a software venture of Tata Consultancy Services (TCS) has launched ignio AI.Assurance, an autonomous assurance product that enables enterprises to deliver better software faster, enhancing their business performance.

The new product enables development teams within enterprises to harness the power of artificial intelligence (AI) and machine learning to overcome the bottlenecks and deficiencies of their manual or assisted testing methods, and adopt cutting-edge quality engineering practices for timely software releases that help enterprises deliver unique and compelling customer experiences and enhance their competitive differentiation.

ignio AI.Assurance generates test scenarios autonomously, understands the impact of application changes, and can also reorder the test scenarios based on the application screen workflow. The software reduces testing time and improves release cycle agility. It also reduces software failure risk through intelligent, constraint-based testing. Furthermore, the autonomous assurance model increases release throughput, resulting in reduced cost of quality.

Tata Consultancy Services 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.