Tata Consultancy Services (TCS) is one of the largest information technology consulting and services companies in India. It is known for its innovative solutions and advanced technologies that have helped many businesses remain competitive in the ever-changing business landscape. TCS has been listed on the National Stock Exchange of India since 2003, and since then, its stock price has been on a steady rise. This article will provide an overview of the TCS stock price history over the past two decades.
TCS Stock Price History: 2003-2009
When TCS was first listed on the NSE in 2003, its stock price was around Rs. 200. Over the next few years, TCS's stock price rose steadily, reaching a peak of Rs. 500 in 2006. However, the global economic crisis that followed soon after had a major impact on the stock prices of many companies, including TCS. As a result, the stock price of TCS fell to Rs. 200 again in 2009.
TCS Stock Price History: 2010-2015
The stock price of TCS began to recover in 2010, and by 2015 it had reached a peak of Rs. 1,000. During this period, the company's revenues and profits increased significantly, and investors began to recognize the potential of the company. As a result, TCS's stock price rose steadily throughout this period.
TCS Stock Price History: 2016-2021
In 2016, TCS announced a share buyback program, which had a positive impact on its stock price. The company's stock price rose to Rs. 1,500 in 2017 and continued to rise to Rs. 2,000 in 2020. During this period, TCS continued to expand its operations and services, and investors continued to show confidence in the company.
TCS Stock Price History: 2021-2023
TCS's stock price has continued to rise in 2021, reaching a peak of Rs. 2,500 in April 2021. The company's share buyback program and strong financial performance have been major factors in driving the stock price higher. Additionally, the company has continued to expand its operations and services, which has further increased investor confidence in TCS.
Conclusion:
The TCS stock price history over the past two decades has been one of steady growth. The company has shown consistent growth in its revenues and profits, and investors have continued to show confidence in the company. As a result, the stock price of TCS has risen steadily over the years, reaching a peak of Rs. 2,500 in 2021.
As TCS continues to expand its operations and services, its stock price is expected to continue to rise. Investors who are looking to invest in a reliable and profitable company should definitely consider investing in TCS. With its strong financial performance and future potential, TCS is one of the best stocks to consider for long-term investments.