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TCS shines on remaining optimistic about future despite uncertainty

  • Mar-26-2020
  • 9:31:00 Hrs IST

Tata Consultancy Services is currently trading at Rs. 1772.60, up by 20.40 points or 1.16% from its previous closing of Rs. 1752.20 on the BSE.

The scrip opened at Rs. 1815.00 and has touched a high and low of Rs. 1829.10 and Rs. 1723.00 respectively. So far 2734 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2296.00 on 03-Sep-2019 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. 1867.95 and Rs. 1620.00  respectively. The current market cap of the company is Rs. 657492.85 crore.

The promoters holding in the company stood at 72.05%, while Institutions and Non-Institutions held 24.00% and 3.95% respectively.

Tata Consultancy Services (TCS) is actively engaging with customers to overcome the current crisis in the wake of the coronavirus outbreak and it remains positive and optimistic about the future despite the uncertainty in the next few weeks and months. The company's priority has been to safeguard the health and well-being of its associates while continuing to support critical IT backbones globally.

TCS has taken proactive measures such as travel restrictions, cancellation of events and large internal meetings, safe working environments and processes that have helped minimise the impact. It also launched a programme to ensure business continuity using its ‘Secure Borderless Work Spaces’ infrastructure which allows TCS associates working from home, both onshore and offshore, ensure business continuity with support from minimal associates working from offices.

TCS is an IT services, consulting and business solutions provider that has been partnering with the world’s largest businesses in their transformation journeys for the last fifty years.