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Tata group stock jumps after it opens new center in France for Ai transformation in aerospace and defence

Global IT leader has opened an AI-powered delivery center in Toulouse, France, focusing on transforming aerospace and defense industries with advanced technologies to improve design, efficiency, and safety.
Tata Group stock rises as it opens new AI transformation center in France for aerospace, defense.
Tata Group stock rises as it opens new AI transformation center in France for aerospace, defense.

Introduction:

Leading global IT services company has launched an AI-driven delivery center in Toulouse, France, aimed at transforming aerospace and defense industries with advanced technologies like AI, machine learning, and predictive maintenance for enhanced safety and efficiency.

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Share price movement of TCS:

On January 21, 2025, Tata Consultancy Services Ltd (TCS) opened at ₹4,098.00, down 0.57% from its previous close of ₹4,076.95. The stock reached a high of ₹4,112.70 and a low of ₹4,052.30. By 12:23 PM, it traded at ₹4,053.75, with a market cap of ₹14,66,501.32 crore.

TCS Launches AI-Powered Aerospace Hub in France:

Tata Consultancy Services (TCS) has inaugurated a new AI-powered delivery center in Toulouse, France, to support aerospace and defense industries. This facility will leverage cutting-edge technologies like AI, generative AI, and machine learning to drive digital transformation and innovation in these sectors.

Located near Toulouse Airport, the new center will enhance aircraft design, fuel efficiency, and maintenance processes. TCS aims to improve safety, reduce downtime, and redefine the passenger experience by using advanced technologies like predictive maintenance and lightweight materials for aircraft structures.

This center marks TCS’ fourth delivery hub in France, following Lille, Poitiers, and Paris-Suresnes. With 30 years of presence in France, TCS is committed to supporting local businesses and doubling its workforce, further advancing its role in the region’s digital transformation.

Recent news on TCS:

As of January 09, 2025, Tata Consultancy Services (TCS) reported a 12% YoY increase in net profit for Q3 FY25, reaching ₹12,380 crore. Revenue rose 5.6% YoY to ₹63,973 crore. TCS also declared a ₹76 dividend per share.

Stock performance of TCS for Period of 1 week, 6 months and 1 year:

Tata Consultancy Services (TCS) has experienced a 3.67% decline in the past week and a 5.66% decrease over the last six months. However, it has shown a positive 5.62% return over the past year, indicating potential long-term growth.

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Shareholding pattern of TCS:

All values in %Dec 2024Sep 2024Jun 2024
Promoter71.80%71.80%71.80%
FII13%12.70%12.40%
DII10.90%10.90%11.10%
Public4.60%4.70%4.80%
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About TCS:

Tata Consultancy Services (TCS) (NSE: TCS) is a global IT services and consulting leader, offering business, technology, and engineering solutions. With over 607,000 consultants, TCS drives digital transformation across industries, generating $29 billion in revenue for FY24.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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