Tata Consultancy Services (TCS) is currently trading at Rs 1,159.40, up by 20.15 points or 1.77% from its previous closing of Rs 1,139.25 on the BSE.
The scrip opened at Rs 1,147.00 and has touched a high and low of Rs 1,163.00 and Rs 1,145.00 respectively. So far 49,800 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 1 has touched a 52 week high of Rs 1,221.00 on 24-Jan-2011 and a 52 week low of Rs 692.00 on 25-May-2010.
Last one week high and low of the scrip stood at Rs 1,163.00 and Rs 1,069.40 respectively. The current market cap of the company is Rs 226059.03 crore.
The promoters holding in the company stood at 74.05% while Institutions and Non-Institutions held 20.68% and 5.27% respectively. Tata Consultancy Services (TCS), a leading global IT services, is planning to expand its operations in Europe in healthcare sectors. The company which derives about 27% of its revenues from Europe is aiming to concentrate more on the European market.
The infotech major is also planning to acquire companies in the German market which can bring certain domain expertise, particularly in the healthcare segment. The Japan’s calamity didn’t have much impact on the company and it moved its employees from there but will go back once the normalcy returns.
The company is looking forward to expand or enter into banking, financial services and insurance, retail, pharma, utilities and manufacturing segments. The company is already pursuing 20 large deals with investment of $50 million each in Asia and Latin America where ample opportunities is present.
Recently, TCS has announced that CUA, Australia’s largest customer-owned financial institution has selected its world-leading TCS BaNCS banking platform to deliver CUA’s new core banking system. The Shanghai Rural Commercial Bank has also selected company’s BaNCS Core Banking solution to achieve a competitive advantage.
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