TCS rises 2.5%; partners GE for industrial internet

TCS announced that as a new member of the GE Digital Alliance Program created by GE Digital, it will develop innovative digital solutions that increase the productivity of mobile workforces and assets in motion by leveraging Predix, GE's cloud platform for the Industrial Internet.

Mar 03, 2016 11:03 IST India Infoline News Service

TCS1
Tata Consultancy Services rose 2.5% to Rs. 2377.30 at the closing bell on Thursday after the company announced that as a new member of the GE Digital Alliance Program created by GE Digital, it will develop innovative digital solutions that increase the productivity of mobile workforces and assets in motion by leveraging Predix, GE's cloud platform for the Industrial Internet. Moreover, TCS has been recognized as a 'Leader' in the IDC MarketScape report, "Worldwide Manufacturing PLM Systems Intergrator and BPO Services 2015 Vendor Assessment".

The scrip opened at Rs. 2324 and touched a high and low of Rs. 2389.5 and Rs. 2301.2 respectively. A total of 1400109(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 457050.61 crore.

The BSE group 'A' stock of face value Rs. 1 touched a 52 week high of Rs. 2810 on 04-Mar-2015 and a 52 week low of Rs. 2119 on 29-Feb-2016. Last one week high and low of the scrip stood at Rs. 2330 and Rs. 2119 respectively.

The promoters holding in the company stood at 73.42 % while Institutions and Non-Institutions held 21.99 % and 4.59 % respectively.

The stock traded below its 200 DMA.

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