TCS Stock: Over 400% return in 10 years! What’s Next For This Multibagger?

[{ "selector": ".igngx-a", "duration": "1500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Tata Consultancy Services

A part of the Tata group, TCS offers a consulting-led, cognitive-powered, integrated portfolio of business, technology and engineering services and solutions [{ "selector": ".nqlxz-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 393px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

TCS: The year gone by

TCS has over 592,000 consultants in 55 countries. The company generated consolidated revenues of US $25.7 billion in the fiscal year ended March 31, 2022 [{ "selector": ".fwgeo-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 403px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

TCS Debut on D-Street

TCS stock got listed on August 25, 2004, at a premium of 26.6% at Rs 1,076. The issue price was Rs 850 [{ "selector": ".uaquo-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 445px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

TCS on D-Street

Shares of TCS have delivered over 418% return to its long-term shareholders in the last 10 years (excluding dividends)

TCS Share Price: Down 20% from 52-week high

Currently, the TCS stock is down over 20% from its 52-week high of Rs 4,045.50, hit on January 18, 2022 [{ "selector": ".jgadt-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 427px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

TCS' Q2 Performance

TCS reported revenue of $6,877 million for the September quarter, up 4 per cent sequentially in constant currency terms and 1.4 per cent QoQ in dollar terms [{ "selector": ".qgnuu-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 408px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

TCS: Profit up 8% in Q2

TCS posted an 8% year-on-year (YoY) jump in net profit at Rs 10,431 crore in the September quarter compared with Rs 9,624 crore in the same quarter last year [{ "selector": ".fnpak-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 408px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

What's next for TCS?

Motilal Oswal Securities expects TCS' deal pipeline to remain strong, projecting deal Total Contract Value to be within the $7-8 billion range [{ "selector": ".bpkxt-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 408px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

Disclaimer

The stock mentioned in the story is for information purpose only. Investors or market participants should consult their financial advisors before taking any position [{ "selector": ".rrktu-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 408px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

World’s Richest Pets: With Rs 800 Crore, This Celeb Cat May Be Richer Than Ranbir And Alia

Produced by: Tanya Aneja Designed by: Pragati [{ "selector": ".eflpi-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }, { "selector": ".jdesk-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }] Click Here

Related Stories Hot stocks on April 24: Vodafone Idea, Tejas Networks, Cochin Shipyard, Data Patterns and more Stock recommendations by analyst for April 24: IDFC First Bank, IRCTC and Bharat Forge Hot stocks on April 22: IREDA, Vodafone Idea, Venus Pipes, Triveni Engineering and more Hot stocks for next week: IIFL Finance, Aster DM Healthcare, Anup Engineering, Bharat Bijlee and more