This company of Ratan Tata made him rich, 99,887 rupees became like this 1.02 crores

TCS Share Price: The share price has gone up and on top of that the company has also given bonus shares to the investors twice. Let us tell you how this Rs 118 share reached beyond Rs 3100 and how a person who invested Rs one lakh became a millionaire.

A company of Tata Group, which is said to be the most trusted in the country, has made investors rich. The share of just Rs 118 has reached beyond Rs 3100. Tata Group company TCS has made investors millionaires. The stock of Tata Consultancy Services is currently trading above 3100. The company has made investors rich in many ways.

The share price has gone up and on top of that the company has also given bonus shares to the investors twice. Let us tell you how this Rs 118 share reached beyond Rs 3100 and how a person who invested Rs one lakh became a millionaire.

Listing was done at Rs 118.49

Tata Consultancy Services, a veteran IT company of the Tata Group, was listed on the BSE i.e. Bombay Stock Exchange in the year 2009. At the time of its listing, the price of one share of TCS was Rs 118.49. During this, the investor who invested one lakh rupees in this share got about 843 shares of the company. Means 843×118.49 = 99,887 rupees that investor invested in this share.

1 lakh rupees become 1 crore like this

There is a declining trend in the IT index in the market today. Heavy selling was seen in the stock of the giant Infosys in today's business. The effect of this decline is visible on TCS. However, despite the fall, TCS remains above 3100. In such a situation, if you had invested around Rs 1 lakh in TCS since the time of listing, then today this amount comes to around Rs 3372 to Rs 1.02 crore. Now you must be thinking that if the investor got 843 shares then how did it become Rs 3372.

Bonus shares did wonders

TCS has issued bonus to investors twice in the ratio of 1:1 since its listing. If seen from this point of view, the investor who would have bought 843 shares for about Rs 1 lakh. After the issue of bonus shares, the number of his shares increased more than 4 times. In this context, the stock of Rs 843 increased to about 3300. Now that the price of one share of the company has crossed Rs.3100. So according to this, the amount has become close to 3300×3100 = 1.02 crores. That means your amount of Rs 99,877 has now become Rs 1.02 crore.