TCS deal win - Sep 24, 2020 - Angel Broking

Jyoti Roy, DVP - Equity Strategist, Angel Broking Ltd

TCS has announced that they have won a transformational deal from maurices, a women's fashion-apparel retail chain in the US and Canada, to help create a new flexible and scalable IT landscape for the latter. As part of the deal TCS will help maurices to build its greenfield IT ecosystem that will optimize more than 200 existing applications and software components in the next 17 months. In addition, TCS will help maurices build a brand-new data analytics platform with extensive reporting features. The project will also involve a refreshed, upgraded ecommerce platform that will facilitate quicker business decisions and faster go-to-market responses to industry or fashion trends. We expect Indian IT companies will keep winning transformational deals going forward given greater adoption of digital technologies post the Covid-19 pandemic. Therefore we continue to maintain our positive stance on the sector.

Shares of TATA CONSULTANCY SERVICES LTD. was last trading in BSE at Rs.2331.5 as compared to the previous close of Rs. 2467.15. The total number of shares traded during the day was 189137 in over 13799 trades.

The stock hit an intraday high of Rs. 2450 and intraday low of 2302.5. The net turnover during the day was Rs. 445723771.

Source : Equity Bulls

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