TCS Jumps 7% on Expanded ABB Deal, Kotak Portfolio Add

Shares of TCS touched a day’s high on NSE on Monday, climbing as much as 7% intraday after the company expanded its ABB partnership.

The rally came after the IT major announced an expanded partnership with global engineering firm ABB, with additional support from a brokerage upgrade.

TCS said the engagement marks the next phase of its 20 year relationship with ABB. Under the multi million dollar, multi year deal, the company will scale up from managing infrastructure and applications to running ABB’s global network operations end to end, through what it called an integrated network as a service model.

The centrepiece of the deal is ABB’s Future Network Model programme, an initiative to modernise and standardise its global network infrastructure. TCS will design, build and operate this ecosystem using AI enabled tools while managing a multi vendor environment.

The work is expected to improve network performance, strengthen cybersecurity and compliance, and make service delivery more efficient across ABB’s operations worldwide.

The transformation will do away with fragmented network systems in favour of a centrally managed setup, including a global network operations centre and modernised WAN and SD-WAN infrastructure. ABB Group CIO Alec Joannou said the programme will strengthen the digital backbone of the company’s global operations.

TCS and ABB have worked together for over two decades already, including on ERP consolidation and cloud modernisation projects.

Adding to Monday’s momentum, Kotak Institutional Equities included TCS in its model portfolio with a 150 basis point weight, even as it maintains an ‘underweight’ view on the broader IT sector.

The move came days after TCS reported a 4.62% year on year rise in Q1 FY27 net profit to Rs 13,349 crore, with revenue up 13.93% to Rs 72,275 crore.

By the close, the stock settled at Rs 2,181.80, up 5.45% on the day.

Tired of missing hot stocks? Tradz by EquityPandit provides powerful tools like stock scans and more help you make informed trading decisions. Download now and take control of your portfolio!

The post TCS Jumps 7% on Expanded ABB Deal, Kotak Portfolio Add appeared first on Equitypandit.