TCS gains on order from Deutsche Lufthansa AG

Shares of Tata Consultancy Services were up over 1% after the company announced that it has been selected by leading global aviation group Deutsche Lufthansa AG to provide testing services and help improve the quality of services of their technology operations.

The deal is part of Lufthansa's IT-transformation initiative to accelerate speed to market, improve customer experience and enable innovation and continuos improvement, the company said in a release.

TCS will pioneer and manage the enterprise testing services by setting up a test factory model across Lufthansa to streamline and standardize their testing process, reduce CAPEX and implement next generation services, the release added.

The stock opened at Rs 2,398 and touched a high of 2,415. At 14:05pm, over 463,000 shares were traded on both the stock exchanges.