TCS - Announcement of its blockhchain based solutions on Microsoft Azure - Angel Broking

Mr. Jyoti Roy - DVP - Equity Strategist, Angel Broking Ltd

Tata Consultancy Services announced the general availability of its award-winning Quartz™ suite of blockchain based solutions on Microsoft Azure Blockchain Service. The Quartz suite of products helps organizations set up connected ecosystems delivering real-time, efficient transaction-processing hosted on a secure cloud. TCS has already signed up customers for Quartz on Azure and expects greater demand for its ready-to-use solutions off the Azure platform. We continue to remain positive on the IT sector given greater adoption of digital technologies post Covid-19. In our view the launch of the new suite of blockchain based products is positive for the company though expensive valuations would provide limited upsides from current levels.

Shares of TATA CONSULTANCY SERVICES LTD. was last trading in BSE at Rs.2464.6 as compared to the previous close of Rs. 2450.75. The total number of shares traded during the day was 127699 in over 10871 trades.

The stock hit an intraday high of Rs. 2505 and intraday low of 2453.6. The net turnover during the day was Rs. 317164077.

Source : Equity Bulls

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