TCS rises on deal with Infineon

Shares of Tata Consultancy Services rose 2.79 per cent to Rs 475.3 on news that the company has entered into a long-term engagement with Infineon Technologies. Under the agreement, TCS will operate and maintain solutions within Infineon's supply chain management domain.

This agreement allows TCS to build a footprint in Germany. The stock made an intraday high of Rs 484.7 and a low of Rs 450.25 with trading volumes of 2.02 lakh shares. The scrip made a 52-week high of Rs 1,054 (June 02, 2008) and a low of Rs 418 (October 27, 2008).