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This Stock Offered Whopping 3000% Returns In Its 17 Yrs. Of Listing Journey

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The company here we are talking about has announced its performance over 17 years that it has delivered over 3000% gains in the form of capital appreciation. Furthermore, the company has announced 3 buybacks in the last 4 financial years of a humongous sum of Rs 50,000 crore approx.

 

This Stock Offered Whopping 3000% Returns In Its 17 Yrs Of Listing Journey

This company is none other than Tata Group's leading gem company Tata Consultancy Services Ltd. Mr N Chandrasekaran the current chairman of TCS at the company's AGM held today said, "If you had invested in one TCS share at the issue price of Rs 850 in 2004, the value of that investment today in a period of 17 years is Rs 28,000".

For the previous fiscal itself the company has distributed profits of Rs 33873 crores in form of dividends as well as buybacks via tender route to all the shareholders.
The company has good prospects of increase in additions of new deals into its various technological basket being offered by highly skilled and competent manpower. It has bagged new deals worth $32 billion during the last year which has been signed by Mr Gopinathan the Ceo & MD of the company.

Going by the financials, TCS is a debt free company. Has given Bonuses in 1:1 ratio over 3 times in the year 2006, 2009 and 2018. The company provides over 1% dividend yield to its shareholders with 72.2% of promoter holding.

ICICI Securities recommends to buy and add this company stock in every correction or decline with highest target for Rs 3600 which itself is around 12% return in short term.

GoodReturns.in

Read more about: tcs tata consultancy services
Story first published: Thursday, June 10, 2021, 23:40 [IST]
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