TCS partners Intel for IoT solutions; rises 1%

Tata Consultancy Services (TCS) launched a new Center of Excellence (CoE) for Internet of Things (IoT) solutions in collaboration with Intel. The state-of-the-art Center will be located at the TCS Hyderabad Campus.

Tata Consultancy Services (TCS) stock rose 1 %  currently trading at Rs. 2371.9 on BSE after the launch of new Center of Excellence (CoE) for Internet of Things (IoT) solutions in collaboration with Intel. The state-of-the-art Center will be located at the TCS Hyderabad Campus.

The scrip opened at Rs. 2370 and has touched a high and low of Rs. 2381.25 and Rs. 2359.55 respectively. So far 518569(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 460666.65 crore.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2810 on 04-Mar-2015 and a 52 week low of Rs. 2346.95 on 18-Nov-2015. Last one week high and low of the scrip stood at Rs. 2465 and Rs. 2346.95 respectively.

The promoters holding in the company stood at 73.86 % while Institutions and Non-Institutions held 21.62 % and 4.52 % respectively.

The stock is currently trading above its 200 DMA.