TCS rises on setting up advanced research center in partnership with IIT KGP

29 Nov 2024 Evaluate

Tata Consultancy Services is currently trading at Rs. 4272.00, up by 23.95 points or 0.56% from its previous closing of Rs. 4248.05 on the BSE.

The scrip opened at Rs. 4219.95 and has touched a high and low of Rs. 4298.00 and Rs. 4196.00 respectively. So far 23014 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4585.90 on 02-Sep-2024 and a 52 week low of Rs. 3,481.30 on 30-Nov-2023.

Last one week high and low of the scrip stood at Rs. 4377.00 and Rs. 4196.00 respectively. The current market cap of the company is Rs. 1545104.27 crore.

The promoters holding in the company stood at 71.77%, while Institutions and Non-Institutions held 23.57% and 4.67% respectively.

Tata Consultancy Services (TCS) has set up an advanced research center in partnership with the Indian Institute of Technology Kharagpur (IIT KGP) to produce high-quality research in the areas of digital health, robotics and intelligent systems leveraging edge computing, embedded systems, and AI. Located in the institute’s research park in New Town, Kolkata, the TCS Research Center will feature three state-of-the-art laboratories where over 150 TCS scientists will explore cutting-edge technologies and push the boundaries of innovation.

The laboratories will be in the domains of - Sensing and Communications, Edge Computing and Analytics, and Robotics and Visual Computing. Researchers will have access to state-of-the-art equipment at the center enabling them to accelerate innovations in cutting-edge technologies such as edge computing, embedded systems and Artificial Intelligence. This new center serves as a testament to TCS’ rich history of collaboration with the academia to create business and societal impact.

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.

TCS Share Price

4348.20 23.80 (0.55%)
18-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
TCS 4348.20
Infosys 1978.90
HCL Tech. 1959.20
Wipro 312.65
Tech Mahindra 1778.30
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