TCS flat after hitting 52-week low on Monday; IDFC Bank goes operational with TCS BaNCS

TCS stock has been trading on a 52-week low since Friday last week. The top IT firm of the country hit a new low value of Rs. 2316.65 on Monday.

Tata Consultancy Services (TCS) started flat on Tuesday. Meanwhile, the company announced that IDFC Bank has gone operational with TCS BaNCS for core banking services. IDFC Bank started operations on October 1, 2015, with 23 branches, powered by TCS BaNCS.

TCS stock has been trading on a 52-week low since Friday last week. The top IT firm of the country hit a new low value of Rs. 2316.65 on Monday.

The scrip opened at Rs. 2323 on Tuesday and has touched a high and low of Rs. 2329 and Rs. 2318 respectively. So far 55057(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 455221.47 crore.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2810 on 04-Mar-2015. Last one week high and low of the scrip stood at Rs. 2378.4 and Rs. 2316.65 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.