Shares of this Indian IT giant shine on getting new recognition

The company has been named a leader in the IDC MarketScape for Manufacturing Product Lifecycle Management (PLM) Strategic Consulting services.

In the IDC MarketScape for Manufacturing Product Lifecycle Management (PLM) Strategic Consulting services, Tata Consultancy Services (TCS) has been recognised as a Leader. This award is a testament to the company's track record of success in enabling linked digital enterprises for clients across the product lifecycle. TCS combines product lifecycle capabilities with digital technologies like IoT, analytics, cloud, and mobile to help businesses unlock new opportunities like moving away from product-based business models and towards ones that are focused on services and customer experience, encouraging agility in new product introduction, lowering product lifecycle costs, and advancing sustainability goals.

TCS's services use its proprietary tools like Business Value Definition, Integrated Program Plan, Process Reference Architecture, PLM Platform Architecture Model, KPI Definition, and Legacy Conversion Framework to cover the entire lifecycle from "Program Value Definition" to "Capability Delivery & Acceptance."

Share price movement of Tata Consultancy Services Limited  

The 52-week high of the stock is Rs 3,856, whereas the 52-week low was Rs 2,926. Promoters hold 72.30%, whereas institutional and non-institutional holdings are 22.24% and 5.45%, respectively. Presently, the market cap of the company is Rs 12,81,473 crore. 

Company profile 

Tata Sons Limited created Tata Consultancy Services (TCS) as a division in 1968. TCS was corporatized on April 1st, 2004, becoming a distinct corporation. It was listed on the NSE and BSE on August 25, 2004, following a tremendously successful initial public offering in July 2004. TCS, a member of the Tata Group, the largest multinational corporation in India, employs many of the best-trained consultants in the world in several different nations.

Industry verticals are one of TCS's go-to-market business categories. The five main vertical clusters are manufacturing, retail and consumer business, communications, media and technology (CMT), banking, financial services & insurance (BFSI), and others. Life sciences and healthcare, energy, resources and utilities, public services, and other industries are included in the last category.