Best Stock to buy in 2022 Bear Market - TCS
Best time to buy a stock ? Well what better than a recession when even the best in the business is available at a steep discount ! TCS is my 1st choice at the moment. Why ? Well, following points speak for itself
(1) 2nd Largest IT company in the world with no worry of future business.
(2) Largest company of Tata Group which is the largest business group of India. App. 70 % of profit of Tata group come from this single company.
(3) Continuously growing top line and bottom line of business
(4) Available at reasonable valuation with PE multiple of 29
(5) Regular buy back ensures value addition for share holders
(6) Major company in both Sensex & Nifty and hence bought by both Indian as well as Overseas investor. When FII will come back, they buy blue chip shares
like TCS first.
(7) Operational for more than 5 decades now with consistent performance track record.
(8) Need for IT solution across globe will only increase from here which will surely benefit TCS which is the 2nd largest IT service company in the world.
(9) Since it is part of Tata group, ethics/integrity is not an issue with best and most ethical people managing the business.
These are the points which makes TCS a good bye according to me.
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