TCS Gains On Oman Housing Bank Contract

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Shares of the Tata Consultancy Services (TCS) rose on Wednesday on receiving IT contract from the housing bank based Oman.

TCS Gains On Oman Housing Bank Contract
Tata Consultancy Services: Quotes, News
BSE 2954.75BSE Quote44.65 (1.51%)
NSE 2959.30NSE Quote41.1 (1.39%)

TCS said that Oman Housing Bank (OHB) has selected TCS BaNCS Universal Banking to help deliver an enhanced end-customer experience in its endeavor to become a leading housing finance bank in the region.

N. Ganapathy Subramaniam, President, TCS Financial Solutions, said, "We have been working with more than 40 financial institutions in the Middle East and Africa. 
Oman Housing Bank seeks to be pioneer in housing and construction process of the country and contribute to the economic progress and development in the Sultanate of Oman.

Share of the IT company was seen trading at Rs 2366, higher by 1.6 per cent on BSE at 2.33 pm IST. It touched an intra-day high of Rs 2371during the trade.

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