TATA CONSULTANCY SERVICES LTD.
NSE : TCSBSE : 532540ISIN
CODE : INE467B01029Industry : IT - SoftwareHouse
: Tata
BSE3822.60-48 (-1.24 % )
PREV CLOSE (Rs.) 3870.60
OPEN PRICE (Rs.) 3870.60
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 98711
TODAY'S LOW / HIGH (Rs.)
52 WK LOW / HIGH (Rs.)
NSE3820.65 -49.55 (-1.28 % )
PREV CLOSE(Rs.) 3870.20
OPEN PRICE (Rs.) 3872.00
BID PRICE (QTY) 3820.65 (173 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 2203078
TODAY'S LOW / HIGH(Rs.)
52 WK LOW / HIGH (Rs.)
Company News
| Date | Heading | Details |
|---|---|---|
| 25-Apr-2024 | TCS rises on entering into strategic partnership with Amazon Web Services | <p style="text-align: justify;">Tata Consultancy Services is currently trading at Rs. 3838.35, up by 7.10 points or 0.19% from its previous closing of Rs. 3831.25 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 3814.20 and has touched a high and low of Rs. 3868.00 and Rs. 3807.80 respectively. So far 27664 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4,254.45 on 18-Mar-2024 and a 52 week low of Rs. 3,156.20 on 16-Jun-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 3896.00 and Rs. 3801.00 respectively. The current market cap of the company is Rs. 1390991.84 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 71.77%, while Institutions and Non-Institutions held 23.36% and 4.87% respectively.</p><p style="text-align: justify;">Tata Consultancy Services (TCS) has entered into a strategic partnership with Amazon Web Services (AWS) to accelerate its customers' cloud transformation journey at scale. This new strategic transformation agreement with AWS will enable TCS to facilitate full-stack digital transformation of its customers by leveraging data and generative artificial intelligence (AI) solutions on AWS. </p><p style="text-align: justify;">Through this multi-year tie-up, TCS will provide its customers with tools to create modern architectures, deliver business value using state-of-the-art cloud-native capabilities and drive modernization at scale. These include a clear cloud modernization roadmap, access to modernization platforms and tools, exclusive investment models and technology betas, and proof-of-concept (POC) projects. The customers selected for this program are globally distributed across all verticals, particularly within banking and financial services, life sciences, healthcare, travel, transportation, hospitality, manufacturing, automotive and communications and telecom. </p><p style="text-align: justify;">TCS 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.</p> |
| 25-Apr-2024 | TCS, Rail Vikas Nigam and Tata Motors to see some action today | <p style="text-align: justify;"><b>Tata Consultancy Services </b>(TCS) has entered into a strategic partnership with Amazon Web Services (AWS) to accelerate its customers' cloud transformation journey at scale. This new strategic transformation agreement with AWS will enable TCS to facilitate full-stack digital transformation of its customers by leveraging data and generative artificial intelligence (AI) solutions on AWS. </p><p style="text-align: justify;"><b>Rail Vikas Nigam </b>(RVNL) has emerged as the Lowest Bidder (L1) from Southern Railway for ‘Provision of Automatic Block Signaling system in Jolarpettai Junction to Erode Junction of Salem Division in Southern Railway'. The project cost is Rs 239.09 crore. The said order is expected to be completed in 900 days. </p><p style="text-align: justify;"><b>Tata Motors</b>' subsidiary -- Tata Passenger Electric Mobility (TPEM) has signed a non-binding Memorandum of Understanding (MoU) with Vertelo, a Macquarie managed integrated fleet electrification platform, for the delivery of 2,000 XPRES-T EVs. This partnership aims to bolster the plans to accelerate India's transition to sustainable e-mobility. The company will begin deliveries of the cars to Vertelo in a phased manner.</p><p style="text-align: justify;"><b>Madhav Infra Projects</b> has received Letter of Intent (LoI) worth Rs 329.73 crore from Gujarat Industries Power Company (GIPCL). The order is for Design, Engineering, Supply, Construction, Erection, Testing, Commissioning and 3 years of Operation and Maintenance of 75 MW (AC) solar Power Projects at Vastan near SLPP Tal-Mangrol Dist. Surat, Gujarat on Engineering, Procurement and Construction basis. The contract is to be executed in 330 days.</p><p style="text-align: justify;"><b>Sterlite Technologies</b> (STL) has unveiled US-made, ‘Build America, Buy America' compliant fiber optic solutions. Along with this, STL also unveiled its Rapid series of products, which will add to its ‘In America, For America' portfolio of fiber optic cables. Rapid series of optical fiber cables range from high-capacity ribbonized cables to ruggedized designs for different applications like duct, direct buried, aerial and last-mile connectivity.</p><p style="text-align: justify;"><b>Indian Bank</b> has entered into partnership with Tata Power Solar Systems (TPSSL) to promote the adoption of solar rooftop among residential consumers. The collaboration aims to facilitate financing solutions under the popular Pradhan Mantri Surya Ghar Muft Bijli Yojana scheme for installations up to 3 KW, as well as extend support for installations ranging from 3 to 10 KW under the regular scheme.</p><p style="text-align: justify;">The Reserve Bank of India (RBI) has directed <b>Kotak Mahindra Bank </b>to cease and desist the issue of fresh credit cards and the onboarding of new customers through its online and mobile banking channels with immediate effect due to lack of IT risk and information security governance for two consecutive years.</p> |
| 24-Apr-2024 | TCS enters into strategic partnership with Amazon Web Services | <p style="text-align: justify;">Tata Consultancy Services (TCS) has entered into a strategic partnership with Amazon Web Services (AWS) to accelerate its customers' cloud transformation journey at scale. This new strategic transformation agreement with AWS will enable TCS to facilitate full-stack digital transformation of its customers by leveraging data and generative artificial intelligence (AI) solutions on AWS. </p><p style="text-align: justify;">Through this multi-year tie-up, TCS will provide its customers with tools to create modern architectures, deliver business value using state-of-the-art cloud-native capabilities and drive modernization at scale. These include a clear cloud modernization roadmap, access to modernization platforms and tools, exclusive investment models and technology betas, and proof-of-concept (POC) projects. The customers selected for this program are globally distributed across all verticals, particularly within banking and financial services, life sciences, healthcare, travel, transportation, hospitality, manufacturing, automotive and communications and telecom. </p><p style="text-align: justify;">TCS 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.</p><div style="text-align: justify;"><br></div> |
| 24-Apr-2024 | Tata Consultancy Services informs about press release | <p style="text-align: justify;">Tata Consultancy Services has sent copy of the Press Release titled ‘TCS and AWS Sign Strategic Agreement to Accelerate Cloud Transformations, Offer Access to GenAI Solutions to Customers'.</p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</p> |
| 16-Apr-2024 | Cipla, Deep Industries and Bharti Airtel to see some action today | <p style="text-align: justify;">Cipla Health (CHL), the wholly owned subsidiary and consumer healthcare arm of <span style="font-weight: bold;">Cipla</span>, has signed a business transfer agreement (BTA) for purchase of the distribution and marketing business undertaking of cosmetics and personal care business (Undertaking) of Ivia Beaute, India (IVIA) including IVIA's brands namely Astaberry, Ikin and Bhimsaini on a worldwide basis. This strategic move is aligned with Cipla's focus on enhancing its consumer healthcare and wellness portfolio.</p><p style="text-align: justify;"><span style="font-weight: bold;">Deep Industries</span> has received a Letter of Award from Oil India for Charter Hiring of 01 No. of 1000 HP Mobile Rig package for 2 years (with the provision of 1-year extension) for Drilling and Workover jobs in Tulamara DSF Block, Tripura under OIL, Duliajan. The total estimated value of the said award is approximately Rs 81 crore.</p><p style="text-align: justify;"><span style="font-weight: bold;">Bharti Airtel </span>has deployed additional sites in various districts such as Nanded, Palakkad, Purba & Paschim Medinipur and Shajapur under its rural enhancement project. In this year alone, Airtel has doubled down on its commitment to the states and has invested additional capex to enhance its network connectivity for seamless experience on 4G, 5G, Broadband and Fiber. The addition of fresh fiber capacity will support the growth of demand for high-speed data services in these regions.</p><p style="text-align: justify;"><span style="font-weight: bold;">Thomas Cook (India) </span>has opened a counter at its franchise outlet at Laxmi Nagar, in its focus to leverage the growing market of Delhi-NCR. This expands the company's forex network in Delhi-NCR to 12 locations: 11 branches and 1 airport outlet. In addition to the commercial hub of Laxmi Nagar, the outlet will serve residential/ business areas of Preet Vihar, Nirman Vihar, Pandav Nagar, Patparganj, Mayur Vihar, Shakarpur and Geeta Colony. Thomas Cook's data has highlighted Delhi NCR as a high growth market and Laxmi Nagar offers the company a range of valuable consumer segments including students, business and leisure travellers.</p><p style="text-align: justify;"><span style="font-weight: bold;">Bank of India </span>(BoI) and India Mortgage Guarantee Corporation (IMGC) have entered into partnership to offer innovative mortgage guarantee-backed home loan products. This collaboration focuses on salaried and self-employed home loan customers in the affordable housing segment. Leveraging IMGC's guarantee expertise and BoI's extensive network of over 5,100 branches across India, this collaboration will enable the bank to provide home loan products with greater flexibility and security to potential home owners.</p><p style="text-align: justify;"><span style="font-weight: bold;">Tata Consultancy Services</span> (TCS) has unveiled a new delivery center in Londrina, Parana, Brazil. This new center will create more than 1,600 new job opportunities over the next five years, contribute to the local economy and strengthen TCS' presence in the region. Present in Londrina since 2018, TCS employs around 1,700 people in the city. The new centralized campus will bring the city workforce under one roof, creating a vibrant hub for collaboration and innovation in Londrina.</p><p style="text-align: justify;"><span style="font-weight: bold;">Hitech Corporation</span> has received an approval for incorporation of a Wholly Owned Subsidiary (WOS) in the United States of America (USA).The WOS is being incorporated in USA with object to explore the opportunities for upgrading manufacturing technology and newer technical knowhow, improve designing capabilities of products and moulds, research and development of innovative materials and sustainable alternatives for circular economy, sourcing new products for the company and expanding the base of vendors and customers globally as well as for finding new business opportunities. </p> |
| 15-Apr-2024 | TCS unveils new delivery center in Brazil | <p style="text-align: justify;">Tata Consultancy Services (TCS) has unveiled a new delivery center in Londrina, Parana, Brazil. This new center will create more than 1,600 new job opportunities over the next five years, contribute to the local economy and strengthen TCS' presence in the region.</p><p style="text-align: justify;">Present in Londrina since 2018, TCS employs around 1,700 people in the city. The new centralized campus will bring the city workforce under one roof, creating a vibrant hub for collaboration and innovation in Londrina. The delivery center will specialize in key areas such as Business Transformation, Artificial Intelligence, and Cognitive Business Operations, offering a comprehensive suite of IT services to clients in Brazil and around the world. </p><p style="text-align: justify;">TCS 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.</p><div style="text-align: justify;"><br></div> |
| 15-Apr-2024 | RVNL, TCS and Harsha Engineers to see some action today | <p style="text-align: justify;"><span style="font-weight: bold;">Rail Vikas Nigam</span> (RVNL) has received Letter of Acceptance (LoA) from NFR-CONST HQ-ELECTRICAL/N.F.RLY CONSTRUCTION for Engineering, Procurement, Construction of Design, Supply, Erection, Testing & Commissioning of 25 kV, 50 Hz, Single Phase, AC, Electrification OHE and TSS Works of Araria - Thakurganj New line Section in connection with New Line Project of Araria - Galgalia of N.F. Railway, including associated Works and Supply, erection, modification, testing and commissioning of SCADA for the section. (106.958 RKM/ 119.27 TKM). (in EPC mode). The cost of work is Rs 95.95 crore. The said order is likely to be completed in 240 days. </p><p style="text-align: justify;"><span style="font-weight: bold;">TCS </span>has reported results for fourth quarter (Q4) ended March 31, 2024. Tata Consultancy Services (TCS) has reported rise of 16.26% in its net profit at Rs 11,393 crore for the quarter under review as compared to Rs 9,800 crore for the same quarter in the previous year. Total income of the company increased by 4.06% at Rs 53,294 crore for Q4FY24 as compared Rs 51,213 crore for the corresponding quarter previous year. On consolidated basis, the company has reported rise of 9.32% in its net profit at Rs 12,502 crore for fourth quarter ended March 31, 2024 as compared to Rs 11,436 crore for the same quarter in the previous year. Total income of the company increased by 3.41% at Rs 62,394 crore for Q4FY24 as compared Rs 60,337 crore for the corresponding quarter previous year.</p><p style="text-align: justify;"><span style="font-weight: bold;">Harsha Engineers International </span>has entered into an Agreement with Umbra Group S.p.A (Umbra Group) on April 12, 2024. In accordance with the Agreement, the Company has been appointed as the exclusive authorized agency of Umbra Group for repair, marketing, promotion, and sale of industrial ball screws, linear actuators, electro-spindles, milling heads or other manufactured components (Products) within the territory of India and the company wishes to market, promote, repair and sell the Products. Umbra Group will be supporting to the company to all technical aspects as may be required and the company will be marketing Umbra's Product in designatory territory i.e India.</p><p style="text-align: justify;"><span style="font-weight: bold;">Dixon Technologies India </span>has inked Memorandum of Understanding (MoU) with Dassault Systemes to revamp its manufacturing operations worldwide. The agreement aims to harness the capabilities of Dassault Systemes' Digital Enterprise Lean Manufacturing Interactive Application (DELMIA) Apriso applications to enhance efficiency and quality control throughout the company's production processes.</p><p style="text-align: justify;"><span style="font-weight: bold;">Engineers India </span>(EIL) has signed Memorandum of Understanding (MoU) with Detect Technologies for Real Time Artificial Intelligence (AI) based Monitoring for Implementing Safe Practices at site using CCTV cameras, drones, network components, cloud/data centre etc. The collaboration will help EIL create the safest possible environment for the working personnel at Construction Sites.</p><p style="text-align: justify;"><span style="font-weight: bold;">Varun Beverages</span> has started commercial production of carbonated soft drinks & energy drinks (juices and value added dairy products to be started) at its production facility at Gorakhpur, Uttar Pradesh.</p><p style="text-align: justify;"><span style="font-weight: bold;">ISMT </span>has received two contracts from Oil and Natural Gas Corporation (ONGC) for supply of regular casing pipes as per specifications given in the contracts. Aggregate value of two contracts is around Rs 343.72 crore. The said contracts are likely to be executed till February 13, 2025.</p><div style="text-align: justify;"><br></div> |
| 15-Apr-2024 | TCS surges on reporting 9% rise in Q4 consolidated net profit | <p style="text-align: justify;">Tata Consultancy Services is currently trading at Rs. 4045.80, up by 45.50 points or 1.14% from its previous closing of Rs. 4000.30 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 3995.00 and has touched a high and low of Rs. 4062.75 and Rs. 3974.90 respectively. So far 23525 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4254.45 on 18-Mar-2024 and a 52 week low of Rs. 3070.30 on 17-Apr-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 4030.00 and Rs. 3916.60 respectively. The current market cap of the company is Rs. 1447343.55 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 72.41 % while Institutions and Non-Institutions held 22.54 % and 5.03 % respectively.</p><p style="text-align: justify;">TCS has reported results for fourth quarter (Q4) and year ended March 31, 2024. Tata Consultancy Services (TCS) has reported rise of 16.26% in its net profit at Rs 11,393 crore for the quarter under review as compared to Rs 9,800 crore for the same quarter in the previous year. Total income of the company increased by 4.06% at Rs 53,294 crore for Q4FY24 as compared Rs 51,213 crore for the corresponding quarter previous year.</p><p style="text-align: justify;">On consolidated basis, the company has reported rise of 9.32% in its net profit at Rs 12,502 crore for fourth quarter ended March 31, 2024 as compared to Rs 11,436 crore for the same quarter in the previous year. Total income of the company increased by 3.41% at Rs 62,394 crore for Q4FY24 as compared Rs 60,337 crore for the corresponding quarter previous year.</p><p style="text-align: justify;">For the year ended March 31, 2024, the company has reported 11.38% rise in its net profit at Rs 43,559 crore as compared to Rs 39,106 crore for the previous year. Total income of the company increased by 7.12% at Rs 2,09,632 crore for year under review as compared to Rs 1,95,682 crore for year ended March 31, 2023.</p><p style="text-align: justify;">For the year ended March 31, 2024, on the consolidated basis, the company has reported 8.97% rise in its net profit at Rs 46,099 crore as compared to Rs 42,303 crore for the previous year. Total income of the company increased by 7.16% at Rs 2,45,315 crore for year under review as compared to Rs 2,28,907 crore for year ended March 31, 2023.</p><div style="text-align: justify;"><br></div> |
| 12-Apr-2024 | TCS reports 9% rise in Q4 consolidated net profit | <p style="text-align: justify;">TCS has reported results for fourth quarter (Q4) and year ended March 31, 2024.</p><p style="text-align: justify;">Tata Consultancy Services (TCS) has reported rise of 16.26% in its net profit at Rs 11,393 crore for the quarter under review as compared to Rs 9,800 crore for the same quarter in the previous year. Total income of the company increased by 4.06% at Rs 53,294 crore for Q4FY24 as compared Rs 51,213 crore for the corresponding quarter previous year.</p><p style="text-align: justify;">On consolidated basis, the company has reported rise of 9.32% in its net profit at Rs 12,502 crore for fourth quarter ended March 31, 2024 as compared to Rs 11,436 crore for the same quarter in the previous year. Total income of the company increased by 3.41% at Rs 62,394 crore for Q4FY24 as compared Rs 60,337 crore for the corresponding quarter previous year.</p><p style="text-align: justify;">For the year ended March 31, 2024, the company has reported 11.38% rise in its net profit at Rs 43,559 crore as compared to Rs 39,106 crore for the previous year. Total income of the company increased by 7.12% at Rs 2,09,632 crore for year under review as compared to Rs 1,95,682 crore for year ended March 31, 2023.</p><p style="text-align: justify;">For the year ended March 31, 2024, on the consolidated basis, the company has reported 8.97% rise in its net profit at Rs 46,099 crore as compared to Rs 42,303 crore for the previous year. Total income of the company increased by 7.16% at Rs 2,45,315 crore for year under review as compared to Rs 2,28,907 crore for year ended March 31, 2023.</p> |
| 21-Mar-2024 | TCS signs seven year multimillion-dollar strategic partnership with Ramboll | <p style="text-align: justify;">Tata Consultancy Services (TCS) has signed a multimillion-dollar strategic partnership to carry out the end-to-end IT transformation of Ramboll, a global architecture, engineering, and consultancy company headquartered in Denmark. Over the next seven years, TCS will modernize and streamline Ramboll's IT operating model to drive business growth and optimize the IT cost base.</p><p style="text-align: justify;">TCS will also deliver services to manage Ramboll's cloud and data centers, application development and maintenance, Cyber Security and Digital Workplace. This will set a digital foundation for Ramboll's business growth, help to reduce its climate footprint, and increase scalability.</p><p style="text-align: justify;">TCS 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.</p> |
