TCS gains on extending partnership with Telenor Denmark

12 Dec 2024 Evaluate

Tata Consultancy Services is currently trading at Rs. 4468.45, up by 40.90 points or 0.92 % from its previous closing of Rs. 4427.55 on the BSE.

The scrip opened at Rs. 4444.95 and has touched a high and low of Rs. 4484.95 and Rs. 4427.00 respectively. So far 67180 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. 3563.05 on 13-Dec-2023.

Last one week high and low of the scrip stood at Rs. 4494.00 and Rs. 4407.60 respectively. The current market cap of the company is Rs. 1616525.32 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 extended its partnership with Telenor Denmark (TnDK), the second largest mobile operator in the Danish market, to provide ITIS managed services, handling TnDK’s IT infrastructure from its delivery centre in Europe over the next five years.

Over the past six years, the company has deployed its Machine First Delivery Model to modernize the IT infrastructure of TnDK, which serves over 1.6 million subscribers. Extending this partnership, the company's cutting-edge automation technologies will continue to deliver significant operational cost reductions and improved IT infrastructure.

The key highlight of this partnership is the assurance of uninterrupted business continuity with zero impact on operations. The company will leverage its extensive experience managing TnDK’s infrastructure to enhance digital assets, including advanced automation solutions. This will further optimize TnDK’s operations and enhance user experiences.

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

4168.05 -103.45 (-2.42%)
20-Dec-2024 16:59 View Price Chart
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Company Name CMP
TCS 4168.05
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