TCS share price emerges top gainer on Sensex, up by 3.47%; Is this the reason for investors love?
TCS share price touched an intraday high of Rs 2176.90 per piece which resulted in surge of overall 3.47%.
The Tata Group’s IT arm Tata Consultancy Service (TCS) emerged as top performer on Sensex, despite the benchmark extending losses. At around 1142, TCS was trading at Rs 2169 per piece up by Rs 65.20 or 3.10%. However, in early openings of trading session, the company touched an intraday high of Rs 2176.90 per piece which resulted in surge of overall 3.47%.
TCS has been positioned as a leader in the Everest Group PEAK Matrix for Finance and Accounting (F&A) Digital Augmentation Suite (DAS).
Ashok Pai, Vice President and Global Head, Cognitive Business Operations (CBO}, TCS said, “This recognition in this assessment is a testament of our vision and strategy, innovation, strong portfolio of digital offerings, and our delivery capabilities."
Cited as a strength is TCS' ecosystem of automation and analytics-driven solutions that spread across the entire F&A value chain. The report also highlights other key strengths including TCS' TRAPEZPM F&A platform that includes RPA, workflow, and analytics to drive end-to-end process, and enables touch-less processing.