It has been two decades i.e. 20 years since Tata Consultancy Services (TCS), the leading IT company of Tata Group, one of the oldest business houses in the country, entered the stock market. The company’s shares were listed in the stock market on 25 August 2004 and during this period, TCS stock has started from around Rs 100 and has crossed Rs 4400 and has given strong returns to investors.
The second most valuable company in the country
TCS is the country’s largest IT company and its business is spread across many countries of the world including India. This company of Tata Group is today one of the most valuable companies in the country and since its debut in the market, its market capitalization (TCS MCap) has increased by more than 3,000 percent. With a market cap of Rs 16.16 lakh crore, TCS is the second most valuable company after Reliance Industries of Asia’s richest man Mukesh Ambani.
20 years ago the IPO got a tremendous response
In August 2004, TCS launched a $1 billion IPO and under this, the company sold 14 percent of its stake. After closing, TCS Share entered the stock market on August 25. TCS IPO received tremendous response from investors and was oversubscribed 7.7 times. It was listed at a 41 percent premium over its issue price. After launching this IPO, Tata Group distanced itself from the IPO market and after two decades, Tata Tech’s IPO was launched in November 2023 last year.
1 lakh rupees turned into 37 lakhs
If we talk about the multibagger return that investors have received in these 20 years, then on 27 August 2004, the price of one share of the company was just Rs 120.33, which closed at Rs 4473.05 on the last trading day Friday. According to this, investors have got a return of 3617.32 percent. If we look at the calculation of profit, then the investors who would have invested Rs 1 lakh in the company’s shares and have held it till now, it would have increased to more than Rs 37.17 lakh till now.
Doubled the money in five years
Not only in the long term, but this Tata stock has emerged as a multibagger stock for its investors in the last five years and has doubled their money. The 52-week high level of TCS Share is Rs 4565 and in this five-year period, it has climbed by about 98 percent. On August 30, 2019, the price of one share of TCS was Rs 2259, which has crossed Rs 4473 last Friday.
Today business is done in 55 countries of the world
Tata Group’s IT company TCS expanded its business rapidly. This can be gauged from the fact that when TCS IPO was launched in 2004, the business of this company had spread to 32 countries of the world, but if we talk about the present, then TCS business is being operated in 55 countries of the world. Not only this, there are about 300 offices and more than 200 delivery centers in these countries.
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Source (PTI) (NDTV) (HINDUSTANTIMES)