TCS gains 1%; no progress in buying Dell's Perot Systems

Talks with Dell to buy its information technology management business Perot Systems have not met with success.

Tata Consultancy Services stock was up by 1% at Rs. 2447. Report says that the talks failed with Dell to buy the latter's information technology management business Perot Systems.

Tata Consultancy Services Ltd is currently trading at Rs. 2447, up by Rs. 13.65 or 0.56% from its previous closing of Rs. 2433.35 on the BSE.

The scrip opened at Rs. 2422 and has touched a high and low of Rs. 2449 and Rs. 2422 respectively. So far 259437(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 476620.26 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. 2316.65 on 07-Dec-2015. Last one week high and low of the scrip stood at Rs. 2448 and Rs. 2400.5 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 below its 200 DMA.