TCS rises on launching latest TCS Pace Studio in Sweden

Tata Consultancy Services is currently trading at Rs. 4519.75, up by 30.40 points or 0.68% from its previous closing of Rs. 4489.35 on the BSE.

The scrip opened at Rs. 4503.00 and has touched a high and low of Rs. 4564.75 and Rs. 4503.00 respectively. So far 33760 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4564.75 on 20-Aug-2024 and a 52 week low of Rs. 3313.00 on 01-Nov-2023.

Last one week high and low of the scrip stood at Rs. 4564.75 and Rs. 4190.90 respectively. The current market cap of the company is Rs. 1636099.18 crore.

The promoters holding in the company stood at 71.77%, while Institutions and Non-Institutions held 23.41% and 4.82% respectively.

Tata Consultancy Services (TCS) has launched the latest TCS Pace Studio in Stockholm, Sweden to offer its customers in the Nordic region exclusive access to its innovation ecosystem. The state-of-the-art innovation hub and research centre will enable enterprises to explore the latest advancements in technology and deploy them at scale to accelerate their digital transformation journeys.

The TCS Pace Studio Stockholm is located in the Epicenter House of Innovation, a hub for over 600 technology companies and entrepreneurs. This location allows TCS to engage with the business problems and goals of the local environment. TCS Pace Studios are tailored for growth markets with vibrant innovation ecosystems.

The TCS Pace Studio in Stockholm, which is the fourth globally and first in the Nordic region, joins the expansive innovation ecosystem of TCS Pace spread across key cities worldwide. The TCS Pace network includes three other TCS Pace Studios located in Riyadh, Sydney, and Letterkenny, and seven TCS Pace Ports in Tokyo, Amsterdam, New York, Pittsburgh, Toronto, London, and Paris.

The innovation hubs in the TCS Pace network leverage TCS’ unique methodologies, global insights, research, intellectual property, and its Co-Innovation Network (COIN), which fosters collaboration among local startups, entrepreneurs, and academia. These collaborative environments offer enterprises a dedicated space to work with TCS’ skilled team of experts, facilitating the rapid development and launch of new digital products and services at speed and scale.

TCS is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses. TCS offers a consulting-led, cognitive powered, integrated portfolio of IT, business & technology services, and engineering.