Shares of TCS gains on entering into partnership with Jaguar Land Rover!

The partnership will help expand JLR’s open innovation programme to Israel. 

JLR’s Open Innovation Programme in Israel 

Tata Consultancy Services (TCS) has entered into partnership with Jaguar Land Rover (JLR) to launch JLR’s Open Innovation Programme in Israel to Co-Create Mobility Solutions with Start Ups. The programme will foster disruptive mobility innovation and strengthen relationships between JLR and Israeli start-ups, scale-ups, corporate entities, investors and academia as part of JLR’s Reimagine strategy.   

TCS has been a partner to JLR for more than a decade, contributing to the success of key transformation initiatives across its value chain, including sustainability and digital services. This latest partnership will help expand JLR’s Open Innovation programme to Israel, and support its Reimagine strategy to accelerate its electric first modern luxury future.   

The programme will leverage TCS’ Co-Innovation Network (COIN) in Israel, to identify local technology offerings and scale them to global mobility solutions and services. It will explore opportunities in electrification, connectivity, digital services, metaverse, intelligent enterprise, manufacturing, supply chain and sustainability. 

Share price movement of Tata Consultancy Services Limited               

Today, the stock opened at Rs 3308.00, with a high and low of Rs 3328.95 and Rs 3290.45. The stock closed trading at Rs 3295.70, down by 0.07%. The stock has a 52-week high of Rs 3575.00 and a 52-week low of Rs 2926.00. The company has a ROCE of 54.9% and a ROE of 43.6% with a market capitalisation of Rs 1,205,913 crore. 

Company profile    

Tata Consultancy Services 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.