Winning Bizness Desk

Mumbai. Technology giant Tata Consultancy Services (TCS) in India completed 18 years in the stock market on 25 August. The listing of the shares of this company was done in the market on 25 August 2004. Since then, TCS shares have given investors around 3000% returns. Meaning, if you had invested Rs 1 lakh in TCS shares, it would have become Rs 30 lakh today. Shares of TCS closed at Rs 3,218.00, down 1.15% today. At the same time, this stock has declined 12.36% in the last one year.

The issue price of TCS was Rs 850

The issue price of TCS was Rs 850 and it was listed at Rs 1,076 with a premium of 26% (up Rs 226) on the listing day. The company had fixed an offer price band of Rs 775-900 per share with an IPO size of Rs 4,713 crore. This stock has been split in 1/2 since listing 3 times (2006, 2009 and 2018), according to which its issue price is Rs 106. If you understand in simple language, then the investor who had taken 10 shares at that time, got split to 80 shares now.

The largest IT company worldwide

TCS is the second largest company in India by market capitalization. It is also the largest IT company worldwide with 6 lakh employees. 93% of the firm's employees are of Indian origin. TCS employees constitute about 57% of the total employees employed by the Tata Group. TCS was the first company to open a software research and development center in India in 1980. Currently TCS operates in 149 locations in 46 countries.

The second highest profit making firm in the country

TCS accounts for 55% of the total market capitalization of the Tata Group and half of its profits. In fact TCS is the second highest profit making firm in the country. It accounts for 10% of the total profits of Nifty-50. The current market capitalization of TCS is around Rs 12 lakh crore, which is equal to the total market capitalization of Infosys, Wipro, HCL Tech and Tech Mahindra.