Buy TCS: Tata Consultancy Services, the country’s largest IT company, has been a wealth creator for investors since the launch of its IPO. Since the IPO in 2004, the stock has given investors more than 3000 percent returns so far.
Buy TCS: The country’s largest IT company Tata Consultancy Services (TCS) has been a wealth creator for investors ever since the launch of its IPO. Since the IPO in 2004, the stock has given investors more than 3000 percent returns so far. In these 17 years, the investors who had bet in the stock, their money has increased by about 33 times. Market experts say that this journey will continue in TCS as well. Fundamentals of the company remain strong, investor confidence remains intact. The business of the company is excellent. In such a situation, investors can keep an eye on the stock of this giant company of the IT sector.
How much return can you get in the long term
Equity Rush CEO Kunal Saraogi said in a conversation with Zee Business Digital that TCS has proved to be a big wealth creator for investors in the long term. There is full scope for further upside in the stock. He said that TCS is such a company, which keeps on bringing new trends for the investors. The company changes its services portfolio from time to time. The company has a strong client base and a good market hold. In such a situation, if you are an old investor, then stay for the long term. New investors can also invest money in this. Kunal has given a target of Rs 3900 in the stock for the long term. The current price of the stock is around 3200, so there is a scope of further 22 percent return in it.
50 thousand investment made 16.5 lakh
At TCS’ virtual AGM on June 10, Tata Sons Chairman N Chandrasekaran said that TCS has given returns of over 3000 per cent to its shareholders since its listing on the stock market in 2004. He said that if someone would have invested Rs 850 in the IPO of TCS 17 years ago, then its value has become Rs 28,000. In this sense, the investment of Rs 50,000 would have increased to Rs 16.5 lakh.
It was said on behalf of TCS that the company has made many positive changes even in the challenges of Kovid. New opportunities have been brought for everyone. The company says that there has been a continuous recovery in TCS since Kovid. In the financial year 2021, the company has returned Rs 33,873 crore in the form of dividend and share buyback.
33,388 crore profit in FY-21
TCS’s Conso net profit increased by 14.9 per cent to Rs 9,246 crore in the March quarter. Net profit in the year-ago period was Rs 8,049 crore. Revenue has increased by 9.4 percent to Rs 43,705 crore. At the same time, the company’s net profit increased to Rs 33,388 crore for the entire financial year ended March 2021, from Rs 32,340 crore in the previous financial year. The company’s net profit on a reported basis has been Rs 32,430 crore for the financial year 2021.
