TCS
August 26, 2014 Leave a comment
Yesterday, TCS, India’s largest software exporter, celebrated 10 years of listing on the stock exchange. It was on August 25, 2004, when TCS made its trading debut on Dalal Street at a 27% premium to its issue price. And, there has been no looking back for the stock, churning a compounded annual return of 27% for a decade.
The market capitalisation of the company has risen from Rs47,232 crore to a mammoth Rs4.94 lakh crore in 10 years of listing -the highest among all Indian listed companies.
Investors who stayed put in the stock in the period would have made over three times the average annual compounded returns from fixed deposits. For instance, an investor, who would have put Rs1 lakh in the TCS initial public offer (IPO) at Rs850 a piece, would be sitting on Rs12.52 lakh on Monday . TCS is currently trading at Rs2,521 after two bonus issues -one in July 2006 and other in June 2009. The company has also paid handsome dividends.
In contrast, if the investor had put Rs1 lakh in a fixed deposit with 9% interest in 2004, he would have made Rs2.37 lakh by now without considering taxes. Read more of this post
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Regular people may get paid a dollar or maybe $5 to take a survey . The super-rich need a bigger incentive. For very high-net worth targets, research firm Spectrem Group promises $300. Survey firm Ipsos MediaCT antes up $500 for its highest-end surveys. For someone worth $20 million, that’s chump change — or 0.0025% of their net worth. But one of the cash’s functions is to get people to take the survey seriously.
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