TCS up on Rs 4,150cr deal

TCS has gained in morning trades on Rs 4,150 crore deal.

The stock touched a high of Rs 774 - up 1.5% from the previous close. It is now trading at Rs 772 - up 1%. Around 7,812 shares have been traded on the BSE so far.

The IT giant bagged a deal from the UK government to administer the UK’s National Employee Savings Trust (NEST) scheme’s administered services under a 10-year dea. The deal is estimated to be worth around £600 million (approximately Rs 4,150 crore).

The contract, awarded by the UK’s Personal Accounts Delivery Authority (PADA), is divided into two stages, with possible extensions of another five years.