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TCS trades higher on the bourses

Tata Consultancy Services is currently trading at Rs. 2280.00, up by 21.55 points or 0.95% from its previous closing of Rs. 2258.45 on the BSE.

The scrip opened at Rs. 2257.00 and has touched a high and low of Rs. 2283.45 and Rs. 2256.10 respectively. So far 28693 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2,284.60 on 13- Jun-2018 and a 52 week low of Rs. 1784.00 on 29-Oct-2018.

Last one week high and low of the scrip stood at Rs. 2284.60 and Rs. 2145.20 respectively. The current market cap of the company is Rs. 847457.32 crore.

The promoters holding in the company stood at 72.05%, while Institutions and Non-Institutions held 23.63% and 4.32% respectively.

Tata Consultancy Services (TCS) will implement Reserve Bank's centralised information and management system (CIMS) for seamless data collection and validations at a cost of Rs 310.52 crore.

The project has to be completed within a year of the commencement of the contract with the RBI. The RBI had invited of expression of interest (EOI) in July 2018 for identification of solution provider for implementation of CIMS by overhauling the data warehouse (DW) of the apex bank.

The CIMS will comprise of DW and Data Lake (DL) which would include, seamless data collection from regulated entities by creating system-to-system interface; system driven data validation and data review; flexible and scalable data repository and providing data dissemination platform. The CIMS would also include centralised analytics platform to facilitate creation of RBI Data Sciences Lab.

Tata Consultancy Services 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.

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