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

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

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

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

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

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

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
 

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

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

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