9 Navratri Stock Market Gems: This is why TCS should be in your portfolio this festive season

9 Navratri Stock Market Gems: Tata Consultancy Services (TCS) is the largest Indian IT company by market capitalization and is now placed among the most valuable IT services brands worldwide. In April 2018, TCS became the first Indian IT company to reach $100 billion market valuation. Currently, the large-cap IT behemoth is priced at around Rs 2,097 and according to Zee Business Research team, it should be in your portfolio this festive season. So, even as you shop till you drop all the products that you wanted to buy, you must also buy some stocks in this auspicious period. Remember, this investment will generate money for you long-term and its value is going to rise. Yes this is one of the 9 Navratri Stock Market Gems that you should invest in and it can bring prosperity to you by multiply your money in the long term.  

Also read: 9 Navratri Stock Market Gems

Prabhudas Lilladher has set a target price of Rs 2,291 and given a BUY rating for TCS.

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Here are the top reasons, why you should invest in TCS.

1. It has a market capitalization of around Rs 8.5 lakh crore

2. TCS is one of the largest IT service companies in India

3. It is the most profitable  Tata Sons company.

4. It generates over 80% of Tata Sons' total income.

5. It had a more than $100 billion valuation in April 2019

6. It has shown a 17.4% annual growth in income over the last 13 years

7. The IT giant also distributed dividends to shareholders in 2009 and 2018

8. It has over 25% operating margin and has the lowest 11% attrition rate

TCS: Trend in profits of the company

FY'15: Rs 19,257 crore

FY'16: Rs 23,075 crore

FY'17: Rs 23,653 crore

FY'18: Rs 25,241 crore

FY'19: Rs 30,065 crore

So, the data is in and the verdict is out and all signs are positive as far as TCS is concerned. And as far as investors are concerned, do celebrate the festival season with gusto, but do not forget to set aside funds to invest in stock markets.