Namaste!
TCS has been one of the stocks which didn't corrected much in the "corona crash", dropping only similar to 30%.
The main reasons for this stability was:-
1. IT sector still offered it's employees a work from home opportunity, so it's business didn't affected that much.
2. TCS is the biggest company in the IT sector today, and it's share price has been very stable due to the fact that it didn't fell more than 30% since the year 2010.
3. So, again it fell 30% and it's price is trading near support level.
4. It's an very good investment opportunity, for the people who are very conservative in risk taking. Hence, they should not expect higher returns rather stability.
5. Investment price looks good at current price of Rs 3074.
6. More capital allocation can be done to this stock as compare to small and mid-cap due to the nature of stability. But not more than 20%.
Disclaimer: The analysis I have shared is based on my understanding and experience in the markets. Investment does not guarantee a fixed return due to volatile nature of markets and may result in a loss. Please do your analysis and/or consult your financial advisor before investing.