TCS trading in green on securing a contract from 4UGroup

Tata Consultancy Services is currently trading at Rs 508.50, up by 1.80 points or 0.36% from its previous closing of Rs 506.70 on the BSE.

The scrip opened at Rs 515.05 its high till now with a low of Rs 504.10. So far 61,301 shares were traded on the BSE.

The BSE group ‘A’ IT sector stock touched a 52 week high of Rs 1054 on June 2, 2008 and a 52 week low of Rs 418 on October 27, 2008.

The BSE IT index is currently trading at 2,215.69, up by 0.44% from its previous closing.

The price of the scrip has witnessed positive changes of 2.48% since last week and 6.64% since last month.

IT major Tata Consultancy Services has secured a contract worth $100 million from Phone 4U to provide a full range of managed IT services to 4UGroup.

This will enable the latter to enhance its IT services, increase capacity, boost skills and ultimately expand the business to meet ongoing and future demands.