TATA Consulting Services (TCS), the largest IT company in India, fell to its 52-week low in the blood baths of the Indian stock market on Friday, February 28. The benchmark inventory index witnessed sales pressures, and the IT, technology, automotive and telecom indexes have suffered huge losses.
TCS shares traded lower at the intraday market meeting on Friday, February 28, and announced an extension of a partnership with Norwegian DNB Bank and did not help the IT leader’s revival after the stock market crash.
TCS stock price
TCS shares fall by more than 4% ₹3,467.40 in the afternoon meeting of the stock market on Friday, compared to ₹Previous market closed at 3,612.35. The partnership extension was announced at an early market meeting on Friday.
TCS Stock has provided stock market investors with a return on investment of more than 73% over the past five years. However, stocks have lost nearly 16% over the past year. TCS shares fell 15.75% in 2025 at the end-to-date (YTD).
IT Professional’s share price hits their 52-week low ₹Friday, February 28 at 3,457.35, and the current trading is slightly higher than its annual low. TCS stock hits 52-week high ₹According to data collected by the BSE website, September 2, 2024 was 4,585.90.
TCS Partnership with Norwegian DNB Bank
According to an official release, TCS has extended its partnership with Norwegian Financial Services Group for five years to drive next-generation banking innovation programs.
“TCS will continue to serve as a strategic partner of DNB, supporting the bank’s digital modernization journey while improving cost efficiency goals,” IT Professional said in an official statement.
According to the press release, the collaboration aims to improve technologies in artificial intelligence and quantum computing.
“We look forward to entering an exciting new chapter in working with DNB. We are always looking for new ways to equip DNB to become Norway’s most innovative bank and we are delighted to have the opportunity to continue doing so through an extended partnership.
According to the release, IT companies have worked with Norway-based financial services group DNB Bank for more than 12 years.
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