TCS rises 2%, trades near 52-week high on securing order from Georgia Department of Labor.
Introduction:
Tata Consultancy Services rises 2%: After receiving a contract from the Georgia Department of Labor, TCS gains 2% and is trading close to a 52-week high. TCS has increased 11% so far this year, compared to the benchmark Sensex’s 7% gain.
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According to Motilal Oswal Financial Services, TCS sales will increase by a modest 2 percent sequentially and 9.2 percent year over year (YoY) to reach Rs 60,400 crore.
Tata Consultancy Services rises 2%
TCS has increased 11% so far this year compared to the Sensex benchmark’s rise of 7%. On September 22, 2023, the stock had previously reached a 52-week high of Rs 3,633 per share.
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The web-based platform’s human-centric design make it simpler for Georgians to apply for unemployment insurance benefits. Securely submit documents, monitor the status of their claims, and receive critical updates. The company claimed in an exchange filing dated October 5.
We are pleased to partner with Georgia Department of Labor in their digital transformation journey. Create a new seamless and secure unemployment system that will meet the evolving needs of claimants and employers. Streamline claims processing, reduce errors, prevent fraud, and improve overall user experience.
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