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TCS trades marginally higher as Rich Products selects it for intelligent supply chain modernization

TCS will help Rich's deploy a cloud-based planning platform to unify a variety of demand and supply data

Tata Consultancy Services is currently trading at Rs. 3290.15, up by 6.00 points or 0.18% from its previous closing of Rs. 3284.15 on the BSE.

The scrip opened at Rs. 3302.50 and has touched a high and low of Rs. 3305.00 and Rs. 3278.15 respectively. So far 9817 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3399.00 on 25-Jun-2021 and a 52 week low of Rs. 2217.05 on 26-Aug-2020.

Last one week high and low of the scrip stood at Rs. 3305.00 and Rs. 3162.00 respectively. The current market cap of the company is Rs. 1216876.93 crore.

The promoters holding in the company stood at 72.19%, while Institutions and Non-Institutions held 23.44% and 4.38% respectively.

Tata Consultancy Services (TCS) has been enlisted by Rich Products to drive its end-to-end supply chain transformation, enhancing integrated planning and agility, and helping it meet changing customer demands.

TCS will help Rich's deploy a cloud-based planning platform to unify a variety of demand and supply data. Using AI/ML-based data analysis and a digital twin foundation, the intelligent platform will autonomously predict issues, risks, and opportunities. Rich's will use these data-driven insights to increase its agility and accuracy in decision making while efficiently addressing business disruptions, transportation management and changes in consumer demand.

In addition, TCS will establish scalable integrations between Rich's current technology landscape and the new platform to ensure end-to-end planning-to-execution visibility and orchestration. Unifying customer-, supplier-, and internal manufacturing-centric systems will provide insights that will help Rich's associates develop investment scenarios and make informed decisions, enhancing their competitive edge in the highly volatile food business.

TCS 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.