TCS trades higher as Bombardier selected the company as strategic partner

TCS is currently trading at Rs. 3382.95, up by 10.55 points or 0.31% from its previous closing of Rs. 3372.40 on the BSE.

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The scrip opened at Rs. 3369.70 and has touched a high and low of Rs. 3386.30 and Rs. 3365.40 respectively. So far 6273 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 3915.00 on 20-Jan-2022 and a 52 week low of Rs. 2926.00 on 26-Sep-2022.

Last one week high and low of the scrip stood at Rs. 3407.65 and Rs. 3298.75 respectively. The current market cap of the company is Rs. 1235661.65 crore.

The promoters holding in the company stood at 72.30%, while Institutions and Non-Institutions held 21.63% and 6.06% respectively.

Tata Consultancy Services (TCS) has been selected as a strategic partner by Bombardier, a global leader in aviation, to accelerate its digital transformation and drive innovation.

Bombardier chose TCS for its proven experience in delivering successful digital transformation programs in the business aviation industry, as well as its extensive portfolio of intellectual property.

As the principal strategic partner, TCS will help Bombardier drive its organization-wide IT and digital transformation that aims to enhance agility.

TCS will modernize the aviation leader’s legacy systems that support its engineering, manufacturing, aftermarket services and defense activities. TCS will deploy and integrate new systems around the S/4 HANA ERP platform.

This transformation of its application estate is expected to help Bombardier reduce technology debt, accelerate its cloud journey, promote innovation, and drive growth.

Additionally, TCS will transform Bombardier’s IT operating model using AI, machine learning, data and cloud services to enhance agility, resilience and user experience.

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.