Tata Technologies: The next TCS?

“If history repeats itself, I should think we can expect the same thing again.” – Terry Venables Tata Consultancy Services (TCS) made a stellar debut on the stock exchanges in 2004, listing at a premium of 27% to its issue price of ₹850. But what happened ever since is the stuff that dreams are made of. The company has declared 3 bonus issues of 1:1 in 2006, 2009, and 2018, meaning a holding of 100 shares by an investor would have gone up to 800. After taking these bonuses into consideration, an investor who invested ₹85,000 for 100 shares at…