TCS surges on partnering with SAP to launch iFIM solution

Tata Consultancy Services (TCS) is currently trading at Rs. 2249.00, up by 3.40 points or 0.15% from its previous closing of Rs. 2245.60 on the BSE.

The scrip opened at Rs. 2249.80 and has touched a high and low of Rs. 2260.00 and Rs. 2241.00 respectively. So far 16614 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 2285.05 on 13-Jun-2019 and a 52 week low of Rs. 1784.00 on 29-Oct-2018.

Last one week high and low of the scrip stood at Rs. 2285.05 and Rs. 2219.50 respectively. The current market cap of the company is Rs. 843554.84 crore.

The promoters holding in the company stood at 72.05%, while Institutions and Non-Institutions held 23.63% and 4.32% respectively.

Tata Consultancy Services (TCS) has partnered with SAP to launch an Intelligent Field Inventory Management (iFIM) solution, powered by SAP Leonardo, which leverages IoT and blockchain to help medical device manufacturers streamline surgical kit handling.

Medical devices are manufactured and delivered across the globe. As a result, the supply chain process of distributing surgical kits to hospitals as well as collecting unused inventory is highly fragmented. The complex logistics make it challenging to ensure that the right kit is delivered at the right place and at the right time. Another challenge is ensuring surgical kit efficacy and sterility throughout the supply chain.

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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