Shares of TCS were downbeat on Wednesday as the markets seemed unimpressed by the company’s performance during the September quarter. The announcement of a ₹9 per share dividend and a ₹17,000 crore share buyback proposal failed to shadow the IT giant’s tepid performance.

The Investment: If you invest a little over ₹10,000 in Tata Consultancy Services today with the current price of TCS at ₹3,550, you would be able to buy around 3 shares of the company. If the stock were to reach its all-time high of ₹4,043, as it did on January 17, 2022, the value of those three shares would surge up to 12,129.

Background: TCS recently reported its earnings for the quarter ended September, with a consolidated net profit of ₹11,342 crore, marking a 9% year-on-year increase. However, the revenue, totalling ₹59,692 crore, missed expectations by a small margin, leading to a dip in the TCS share price early on Wednesday.

Here is how the brokerage reacted to the company’s quarterly results.

Price Action: TCS’s share price was down 1.50% to trade at ₹3,555.85 on Thursday afternoon.

_{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.}