Tata Consultancy Services gains on launching new IoT engineering lab in Ohio

Tata Consultancy Services is currently trading at Rs. 3879.65, up by 27.60 points or 0.72% from its previous closing of Rs. 3852.05 on the BSE.

The scrip opened at Rs. 3879.65 and has touched a high and low of Rs. 3893.30 and Rs. 3867.95 respectively. So far 306 shares were traded on the counter.

Tata Consultancy Services

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. 3156.20 on 16-Jun-2023.

Last one week high and low of the scrip stood at Rs. 3915.00 and Rs. 3742.00 respectively. The current market cap of the company is Rs. 1393705.40 crore.

The promoters holding in the company stood at 71.77%, while Institutions and Non-Institutions held 23.36% and 4.87% respectively.

Tata Consultancy Services (TCS) has launched the Bringing Life to Things Lab in Cincinnati, Ohio. The lab is designed to support the rapid prototyping, experimentation, and large-scale implementation of AI, GenAI, and IoT engineering solutions, enabling TCS to assist clients in bringing innovative solutions to life faster and more efficiently.

Spanning across 3,000-square feet, this lab will advance the deployment of TCS’ comprehensive suite of IoT solutions, including TCS Clever Energy, TCS Digital Manufacturing Platform (DMP) and TCS Digifleet, among others. These solutions cater to various industries including health care and life sciences, manufacturing, energy and resources, consumer packaged goods, and more. The lab will also help businesses collaborate and co-innovate, integrating physical assets, partner technologies, and customer challenges to create new offerings and solutions.

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.