Tata Consultancy Services (TCS), a leading global lT services, consulting and business solutions organization, has been recognized as a Leader in the Everest Group PEAK Matrix for Application Transformation Services.

According to the report, TCS' services encompass all the initiatives, processes and methods that are part of the enterprise digital business journey, leading to enhanced stakeholder value, customer experience and business growth.

''Its mature set of solutions and lP assets that help customers reach the desired transformed state by leveraging automation and Al, were cited as key strengths'', said the report.

Shares of the company declined Rs 38.6, or 1.76%, to settle at Rs 2,156.00. The total volume of shares traded was 178,305 at the BSE (Thursday).