The Journey of TCS Stock Since Its Listing
Tata Consultancy Services (TCS) is a well-known name in the country and the world. Tata Group is in the business of providing information technology services.
The size of this company can be gauged from the fact that the earnings of TCS alone have been higher than those of many other Tata Group companies.
After 1960, the Tata Group started this company. But this company was listed on the stock market in 2004.
If the journey is followed to the end, this company has made the investors wealthy.TCS was listed on the stock market 18 years ago, i.e., on August 25, 2004.
Let us know why this company is continuously making investors rich and why very good performance is expected in the future as well.
TCS Shares Have Given 3000% Returns
TCS stock has given a return of around 3000 percent since its listing. Apart from this, a bonus given by TCS is different.
Only in the form of bonuses has the company given a lot of money to its investors.
Tata Consultancy Services was listed on the stock market on August 25, 2004. In this way, TCS has become an adult company (18 years old now).
Learn How TCS Made You Wealthy
If a person had invested Rs 1 lakh in this stock during the IPO, then the value of that investment is around Rs 30 lakh at present.
Aside from that, many dividends have been received from the side.TCS, on the other hand, is currently trading at a price of Rs 3,230 per share.Today’s highest level of this stock has been Rs. 3,257.00, while the lowest level so far has been Rs. 3,227.00.
Know at What Rate Tcs Gave the Shares
TCS issued its shares to investors at a price of Rs 850 during its initial public offering in 2004.This stock had given investors a profit of about 26 percent on the day of its listing itself.
On that day, the stock was listed at Rs 1,076, up by Rs 226. The company raised Rs 4,713 crore during its IPO.
1 Share Has Increased to 8 Shares
TCS has split the face value of its shares three times since its listing. This split was done in 2006, 2009, and 2018. According to this split, the share price of TCS during the IPO was around Rs 106.
That is, if someone had 1 share at the time of listing, then his number has now increased to 8 shares.
TCS is the Largest It Company in the Country
TCS’s market capitalization is currently greater than Rs 12 lakh crore.It is the country’s largest IT company and overall No. 2 company. Reliance is the largest company in the country in terms of market cap.
TCS has more than 65,000 employees worldwide. At present, TCS is working in 149 locations in 46 countries.
Know What Kind of Returns You Can Get in TCS
Brokerage firm ICICI Direct has a buy view on TCS. In the research note, the company has written that TCS is India’s leading company providing IT services to manufacturing, retail, high tech, and BFSI.
Its organic revenue growth continues to be strong, and the company has the best margin in the industry.
Based on this, ICICI Direct has set a target price of Rs 3,785 with a buy recommendation on TCS.
At the same time, screener.in has also described the company as almost debt-free. It has been stated that TCS is almost debt free.Its return on equity is good.
It has given an ROE of 39.99% in three years. TCS pays a dividend of around 56.35 percent.
