TCS gains 1.5% as it bags $1.5 bn contract from Walgreens Boots Alliance

Tata Consultancy Services (TCS) gained over 1.5 per cent on Tuesday after the company said it has bagged a $1.5 billion (about Rs 10,650 crore) contract from pharma company Walgreens Boots Alliance, spread over a period of 10 years. Under the contract, TCS will provide managed services including application maintenance and support, required infrastructure and security operations.

At 09:45 am, the stock was trading 0.22 per cent higher at Rs 2,108 apiece on the BSE, thus paring its early trade gains. The S&P BSE Sensex, on the other hand, was trading 406.50 points or 1 per cent higher at 40,279 levels.