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TCS surges on completing finance transformation for ALI

Tata Consultancy Services (TCS) is currently trading at Rs. 2107.20, up by 28.20 points or 1.36% from its previous closing of Rs. 2079.00 on the BSE.

The scrip opened at Rs. 2065.00 and has touched a high and low of Rs. 2109.75 and Rs. 2065.00 respectively. So far 166534 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 2296.00 on 03-Sep-2019 and a 52 week low of Rs. 1809.55 on 15-Jan-2019.

Last one week high and low of the scrip stood at Rs. 2109.75 and Rs. 2011.00 respectively. The current market cap of the company is Rs. 785824.41 crore.

The promoters holding in the company stood at 72.05%, while Institutions and Non-Institutions held 23.79% and 4.17% respectively.

Tata Consultancy Services (TCS) has successfully completed the finance transformation for Ayala Land Inc. (ALI), by migrating its operations to SAP S/4HANA, in the first such implementation in the Philippines. ALI partnered with the company to simplify business operations and accelerate its cloud-led digital transformation journey.

TCS’ in-depth understanding of business processes and SAP S/4HANA capabilities helped the real estate company accelerate time-to-market and achieve the scalability needed to meet its business goals. This business transformation initiative laid a strong foundation for ALI to bring subsidiaries onto a common platform for integrated business operations.

Tata Consultancy Services is an IT services, consulting and business solutions provider that has been partnering with the world’s largest businesses in their transformation journeys for the last fifty years.

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