Goldman Sachs plans to issue IT contract worth $500-700m, reports CNBC-TV18, quoting sources. The contract, to create R&D functions and software database, will span across 5-6 years. TCS, Infosys, Wipro, HCL, Cognizant, and IBM are believed to be in the fray.
Bids are expected to begin by April 2010, sources said. When contacted, Goldman Sachs says it cannot comment on specific IT functions.
TCS stock price
On November 27, 2015, Tata Consultancy Services closed at Rs 2352.65, up Rs 7.50, or 0.32 percent. The 52-week high of the share was Rs 2810.00 and the 52-week low was Rs 2333.00.
The company's trailing 12-month (TTM) EPS was at Rs 103.31 per share as per the quarter ended September 2015. The stock's price-to-earnings (P/E) ratio was 22.77. The latest book value of the company is Rs 230.50 per share. At current value, the price-to-book value of the company is 10.21.
READ MORE ON TCS, Wipro, Infy in fray for Goldman Sachs’ $700m IT deal, TCS, Infosys, Wipro, HCL, Cognizant, IBM
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