TCS nudges higher after expanding partnership with Rolls Royce

TCS rose 0.49% to Rs 2,730.05 at 14:00 IST on BSE after the company and Rolls Royce, the market leader in high performance power systems, announced the expansion of partnership in order to exploit future data innovation opportunities.

The announcement was made during market hours today, 15 November 2017.

Meanwhile, the S&P BSE Sensex was down 129.41 points or 0.39% at 32,812.46.

On the BSE, 16,164 shares were traded on the counter so far as against the average daily volumes of 56,266 shares in the past one quarter. The stock had hit a high of Rs 2,749.95 and a low of Rs 2,710.40 so far during the day. The stock had hit a 52-week high of Rs 2,774 on 13 November 2017 and a 52-week low of Rs 2,054.70 on 15 November 2016.

The stock had outperformed the market over the past one month till 14 November 2017, rising 6.26% compared with 1.57% rise in the Sensex. The scrip had also outperformed the market in the past one quarter, gaining 10.03% as against Sensex's 4.75% rise. The scrip had also outperformed the market in the past one year, gaining 29.06% as against Sensex's 22.83% rise.

The large-cap company has equity capital of Rs 191.43 crore. Face value per share is Re 1.

The partnership will help Rolls-Royce accelerate its 'Digital First' vision, deliver further value to customers, improve existing services, accelerate development and deployment times and create new areas of growth.

In addition, TCS and Rolls-Royce will build on their long-standing collaborative partnership by launching a world class analytics and agile applications capability hub in Bangalore.

TCS reported 8.57% rise in consolidated net profit to Rs 6460 crore on 3.23% rise in net sales to Rs 30541 crore in Q2 September 2017 over Q1 June 2017.

TCS is an IT services, consulting and business solutions organization.

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