TCS inches up after la Mobiliere selected the company as long-term strategic partner to drive digital transformation agenda

Tata Consultancy Services is currently trading at Rs. 3666.10, up by 3.30 points or 0.09% from its previous closing of Rs. 3662.80 on the BSE.

The scrip opened at Rs. 3676.00 and has touched a high and low of Rs. 3703.90 and Rs. 3662.70 respectively. So far 73228 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 3990.00 on 08-Oct-2021 and a 52 week low of Rs. 2701.00 on 24-Feb-2021.

Last one week high and low of the scrip stood at Rs. 3703.90 and Rs. 3509.85 respectively. The current market cap of the company is Rs. 1360566.58 crore.

The promoters holding in the company stood at 72.19%, while Institutions and Non-Institutions held 23.30% and 4.51% respectively.

Tata Consultancy Services (TCS) has been selected by la Mobiliere, the oldest private non-life insurer in the Swiss market, as its long-term strategic partner to drive its digital transformation agenda. La Mobiliere is pursuing a digitization strategy and is modernizing its core business including products, core processes and digital touch points for customers, partners, and employees, to become future-ready. It is already doing this with remarkable success; La Mobiliere has recently won the Digital Excellence Award 2021. The insurer is now looking to further accelerate its efforts including the deployment of data driven services and technologies such as artificial intelligence to enhance customer experience even more.

La Mobiliere chose TCS as a partner in this strategy. TCS will help modernize the insurer’s IT estate with core system simplification, cloud adoption, and application transformation. The insurer’s next generation application estate will use cloud-native architectures and will be delivered in a fully SAFe agile model.

Further, TCS will help harness data and analytics as well as automation to reimagine processes to deliver superior customer experiences. With this transformation, TCS will help la Mobiliere enhance operational resilience, improve business agility to address evolving market opportunities, and drive future growth.

TCS is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 50 years.

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