If you’re looking for a high-performing stock to add to your portfolio, you can’t go wrong with TCS. With a current share price of $___ and a strong performance history, TCS is a safe bet for long-term growth. Here’s what you need to know about the company’s past performance and future predictions.
What is the current TCS share price
The Tata Consultancy Services Ltd. (TCS) is an Indian multinational information technology (IT) service, consulting and business solutions company headquartered in Mumbai, Maharashtra. It is a subsidiary of the Tata Group and operates in 46 countries.
TCS is the second largest Indian company by market capitalization ($80 billion) and revenue ($19.09 billion) as of April 2019. TCS is now placed among the ‘Big 4’ most valuable IT services brands worldwide. It is one of the fastest-growing Top 10 technology firms in the world with a compound annual growth rate (CAGR) of 14.2% between 2013-17.
As of July 2020, the current TCS share price is Rs 2,859.65.
How has the TCS share price performed over the last year
In the last year, the TCS share price has performed very well. The company has posted strong financial results, and its share price has risen steadily. Investor confidence in the company is high, and the stock is trading at a premium to its peers. The TCS share price is a good investment for long-term growth.
What are analysts predicting for the TCS share price in the future
There is no one-size-fits-all answer to this question, as the future share price of TCS will depend on a number of factors, including the overall performance of the company, the health of the economy, and global political and economic conditions. However, analysts generally believe that TCS shares are likely to continue to perform well in the future, although there may be some volatility in the short-term.
What factors could affect the TCS share price
There are a number of potential factors that could affect the share price of Tata Consultancy Services (TCS). These include:
-The overall performance of the wider Tata Group. TCS is part of the Tata Group, one of India’s largest and most diversified conglomerates. The performance of the wider group can have an impact on TCS’ share price.
-The performance of the Indian economy. As TCS is based in India, the country’s economic performance can impact the company’s share price.
-The global IT outsourcing market. TCS is a leading player in the global IT outsourcing market. Changes in this market can therefore impact TCS’ share price.
-Competition from other IT outsourcing companies. TCS faces competition from other IT outsourcing companies, both in India and internationally. This competition can impact TCS’ share price.
How did the TCS share price react to the company’s most recent earnings release
On April 12, TCS announced its FY19 results. Its revenue for the year was Rs 1,39,880 crore, up 10.8% YoY. Its net profit for the year was Rs 34,362 crore, up 14.4% YoY. Its EPS for the year was Rs 31.61.
The company’s share price reacted positively to its earnings release, rising by 2.5% on the day of the announcement.
What is the history of the TCS share price
The Tata Consultancy Services share price has a long and storied history. The company was founded in 1968, and went public in 2004. Since then, the TCS share price has steadily climbed, making it one of the most successful IPOs in Indian history.
Today, the TCS share price is near its all-time high, thanks to the company’s strong financial performance and bright future prospects. With a market capitalization of over US$100 billion, TCS is now the largest IT services company in the world. And with its expanding global footprint and growing client base, there’s no doubt that the TCS share price will continue to rise in the years to come.
How do other Indian IT stocks compare to TCS in terms of share price performance
It is no secret that the Indian IT sector has been on a roll in recent years. Thanks to the booming economy and the ever-growing demand for tech services, Indian IT stocks have been some of the best performers on the stock market. But how does TCS, India’s largest IT company, compare to its smaller counterparts in terms of share price performance?
In terms of pure numbers, TCS is miles ahead of its closest Indian rivals. Its market capitalization is nearly twice that of Infosys, and its shares are trading at around 30 times earnings, compared to Infosys’ 20 times earnings. However, when you compare TCS’ share price performance to that of other Indian IT stocks over the past year, a different picture emerges.
While TCS’ shares are up around 20% over the past 12 months, shares of Infosys and Wipro have gained nearly 30%. Even smaller players like HCL Technologies and Mindtree have outperformed TCS, with their shares up more than 40% in the same period. So what explains this outperformance by TCS’ rivals?
There are a few factors at play here. First of all, TCS is a much bigger company than its rivals, and as such, it is less nimble and responsive to market changes. While smaller companies can quickly adapt their business models to capitalize on new opportunities, TCS takes longer to make changes.
Another factor working against TCS is its dependence on the banking and financial services sector. This sector has been under pressure in recent times due to slowing economic growth and rising interest rates. As a result, TCS’ revenue growth has been slower than that of its rivals.
Finally, it is worth noting that TCS’ share price was already quite high before the recent run-up in Indian IT stocks. This means that it has had less room to grow compared to its smaller rivals.
So while TCS is still the clear leader in the Indian IT sector, its stock has lagged behind its smaller rivals in terms of performance over the past year.
What is TCS’s market capitalization
TCS’s market capitalization is $88.67 billion as of May 2020. It is the largest Indian company by market capitalization. TCS is the second-largest IT services company in the world by revenue and employs 469,000 staff in 42 countries. TCS has been recognized as a Global Top Employer by the Top Employers Institute for four consecutive years from 2017 to 2020.
How does the TCS share price compare to its 52-week high and low
The TCS share price is currently trading at $20.50, which is below its 52-week high of $21.50 and above its 52-week low of $19.25. While the stock has been volatile over the past year, it has generally trended upward, with the exception of a sharp drop in early March 2020.
Is now a good time to buy TCS shares
With the recent announcement of TCS’ partnership with Microsoft, as well as the company’s strong financial position, now is a good time to buy TCS shares. TCS is a leading Indian IT services company, and this partnership will help the company expand its reach in the global market. The company’s share price has been steadily rising over the past year, and with the new partnership in place, it is expected to continue to rise. TCS is a reliable and stable investment, and now is a good time to buy shares in the company.