Shares of TCS hit a 52-week high after a special recognition

On Friday, Tata Consultancy Services shares surged 3.39% to trade at its 52-week high of Rs 3,982.05, from its previous closing of Rs 3851.45 on the BSE.

World’s Most Admired Company

Tata Consultancy Services (TCS) has been named in the FORTUNE® Magazine 2024 list of the World’s Most Admired CompaniesTM. Guided by a deep-rooted culture of innovation and commitment to driving value for customers, TCS retained a spot on the list for the second time since debuting last year.

A highly anticipated annual barometer of corporate reputation, this year’s edition of the list is based on a survey of more than 3,700 business executives, boards of directors and financial analysts. Companies are evaluated on a variety of criteria that include innovation, social responsibility, global competitiveness and quality of products and services.

TCS’ presence on the list is a recognition of its culture of innovation that percolates through the ranks of its employees. As of December 31, 2023, the company has applied for 7,852 patents and has been granted 3,458.

Company profile

TCS is the flagship company and a part of the Tata Group. It 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. TCS offers a consulting-led, cognitive-powered, integrated portfolio of business, technology and engineering services and solutions.

Stock price movement

Today, the stock opened at Rs 3,860 and has touched a high and low of Rs 3,982.05 and Rs 3,860, respectively. The BSE group ‘B’ stock of face value of Rs 1 has a 52-week high and low of Rs 3,982.05 and Rs 3,070.30, respectively. Last one week high and low of the scrip stood at Rs 3,982.05 and Rs 3,782, respectively. The current market cap of the company is Rs 14,43,001.79 crore.

The promoters holding in the company stood at 72.41%, while Institutions and Non-Institutions held 22.54% and 5.03% respectively.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.