If Your Mom Invested ₹10,000 In TCS A Decade Ago, Here's How Much You'd Have Today

Share price of Tata Consultancy Services continued its rally on Thursday as the company posted its results for the quarter ended June. TCS’s share price went up close to 3% to hit an intraday high of ₹3,367.45.

The Investment: If your mom had invested ₹10,000 in the Tata Group company a decade ago, on July 16, 2013, she would have been able to purchase around 12 shares at the closing price of ₹824.68 per share. Today, those shares would be worth ₹40,236, given the current market price of around ₹3,353 per share. That’s a substantial return of over 300% on the initial investment.

_{Note: The stock issued 1:1 bonus shares in 2018, the prices have been adjusted to reflect that.}

Background: The company posted its results for the June quarter, reporting a net profit of ₹11,074 crore, up 16.84% from the ₹9,478 crore profit it booked in the June quarter of last year. The company’s revenue from operations for the April-June period stood at ₹59,381 crore, registering a growth of 12.6% as compared to the ₹52,758 crore revenue it reported in the same period last year.

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The company’s order book stood at $10.2 billion (₹84,000 crore) with a book-to-bill ratio of 1.4. The company also declared a ₹9 interim dividend per share. The announcements have certainly impressed investors but analysts seem to have had mixed reactions.

Price Action: TCS’s share price was up 2.29% to trade at ₹1,363.85 in the late hours of trading on Thursday.

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Disclaimer: Benzinga India doesn’t give financial advice. The above article is for educational purposes alone.

Editor’s Note: Artificial intelligence was used as a secondary aid in the writing of this story.