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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      ...

TCS- Q3 Results (Oct'20-Dec'20) Tata Consultancy Services Quarter 3 result FY21

चित्र
  Tata Consultancy Services (TCS) has declared its Q3 results today as following. Company has declared third interim dividend of Rs.6 per share with Face value of Rs.1 Record date  is 16th January, 2021 and disbursement date is 3rd February, 2021. Highlights of Q3 is as follows. • Revenue at ~42,015 crore, +4.7% QoQ, +5.4% YoY • Constant Currency revenue growth: +4.1% QoQ, +0.4% YoY • Net Income at '8,701 crore, +3.2% QoQ, +7.3% YoY • Operating Margin at 26.6%; Net Margin at 20.7% • Strong Cash Conversion: Net Cash from Operations at ,11,952 crore I 137.4% of Net Profit • Consolidated headcount: 469,261 I Net addition: 15,721 I Women in the workforce: 36.4% • 366K+ employees trained in new technologies; 444K+ on Agile methods • IT Services attrition rate dips to a new all-time low, at 7.6% LTM • Interim Dividend per share: ~6.00 I Record date 16/01/2021 I Payment date 03/02/2021 Strong Demand Drives TCS Q3 Growth Momentum Strongest Third Qtr Growth in 9 yrs: +4.1% QoQ CC, +4.7...