TCS surges on renewal of contract with Singapore Airlines

Tata Consultancy Services (TCS)  is currently trading at Rs 488.50, up by 8.70 points or 1.81 % from its previous closing of Rs 479.80 on the BSE.

The scrip opened in the red at Rs 479 and has touched a high of Rs 490 and a low of Rs 477.20.

The BSE group ‘A’ IT stock touched a 52 week high of Rs 1054 and a 52 week low of Rs 418. So far, 1,01,926 shares were traded on the BSE.

Tata Consultancy Services (TCS) has been chosen by Singapore Airlines to provide IT services for three years for a set of applications used by the Singapore Airlines Group of Companies. This is an extension of the existing agreement for TCS.

As per the agreement, TCS will continue to manage a significant portion of Singapore Airlines’ IT systems including 24×7 business critical applications ranging from passenger reservations to flight operations.

TCS was selected due to the firm’s strong capabilities in offering integrated IT services to support a range of processes and applications across the airline.

The IT major has been the trusted partner for Singapore Airlines for the past 12 years.