INSUBCONTINENT EXCLUSIVE:
Software biggie TCS has delivered multibagger returns to investors since its listing in August 2004
What comes as the icing on the cake is it became the first Indian company on Monday to enter the $100 billion club in terms of market
capitalisation under the group chairman N Chandrasekaran.
That means an investment of just Rs 10,000 on the listing day would have now
become over Rs 1.40 lakh (ex-dividend), translating into a return of over 1,300 per cent.
Chandrasekaran is at the helm of the giant IT
ship, which has seen "enormous" growth over the years
return to investors till April 20, managed to outpace 18 other Tata Group companies, including Tata Steel, Tata Motors, Tata Coffee, Indian
Hotels, Tata Chemicals and Tata Power, among others
Back in 2004, Chandrasekaran was one of the directors of TCS
He took over as the chief executive officer of the IT major on November 6, 2009
Chandrasekaran became the first non-Parsi chairman of Tata Sons on February 21 last year after the unceremonious ouster of Cyrus
Mistry.
Market capitalisation of TCS is now Rs 80,000 crore more than its nearest oil-to-telecom behemoth Reliance Industries
With a market capitalisation of Rs 6.72 lakh crore, TCS stock traded nearly 3 per cent up at Rs 3,506 early today.
During the last one year,
Tata Group stocks have rallied up to 186 per cent, with Tinplate Company surging to Rs 248.55 on April 20 this year, from Rs 87 on the same
Nalco, Titan Company, Tata Global and Voltas all rallied between 50 per cent and 125 per cent during the same period
We have created a whole bunch of technologies which can satisfy the state of the art requirements of anyone in the world and last of all, it
is the leadership which started with Kohli pioneering it
It was Ramadorai who really scaled it up and Chandra who gave it an aggressive push, and now Rajesh really leading from the front along with
Motors, Tata Power, Tata Communications, Rallis India, Tata Teleservices (Maharashtra), TRF and Tayo Rolls.
Tata Motors declined 24 per cent
during the past one year and 37 per cent in the last three years whereas Tata Teleservices (Maharashtra) plunged 20 per cent and 31 per cent
Other stocks such as Rallis India, Tata Power, Tata Coffee and Tayo Rolls also need a Midas touch from Chandra.
Tayo Rolls and Tata
Teleservices (Maharashtra) have been reporting losses for many quarters now
For the December quarter, Tayo Rolls posted a net loss of Rs 7.84 crore while Tata Teleservices Maharashtra suffered a net loss of Rs 480.75
Tata Power and Rallis India reported 7.17 per cent and 1.58 per cent year-on-year decline in net profit, respectively, in Q3 FY18
However, Tata Motors reported over 10-fold jump in quarterly profit in October-December, driven by higher sales from its Jaguar Land Rover
(JLR) business after a particularly weak quarter a year earlier
Brokerage firm Motilal Oswal sees nearly 11 per cent annual rise in net profit in Q4 FY18 of Tata Motors
Motors to create value for the group, especially from its domestic business, in line with his objective of making Tata group companies more
terms of business supported the share price of the IT major
Seeing the share price movement of Tata Motors and Tata Steel, it is too early to comment on Chandrasekaran's leadership
