TCS Dividend 2024: The IT bellwether has announced to pay 2800 per cent dividend to its shareholders. The Tata Group company’s post tax profit during the January-March period last year stood at Rs 11,392 crore.
TCS Dividend 2024: Tata Consultancy Services or TCS has announced to reward the shareholders with a final dividend. The company made the announcement on Friday, 12th April while announcing the quarterly earnings report. TCS has the high dividend yield among the IT firms which stands at 1.27 per cent. The company’s net profit grew 9 per cent to Rs 45,908 crore.
The IT bellwether has announced to pay 2800 per cent dividend to its shareholders. A dividend is always calculated on the face value of a stock and not on the market price of the stock. Here the face value of each stock of the Tata Group company is Re 1 which translates to a dividend amount of Rs 28 per equity share of Re 1 each of the IT company.
| Ex-Date | Amount (Rs) |
| 19 Jan, 2024 | 9 |
| 19 Jan, 2024 | 18 |
| 19 Oct 2023 | 9 |
| 20 July 2023 | 9 |
| 15 June 2023 | 24 |
| 16 Jan 2023 | 8 |
| 16 Jan 2023 | 67 |
TCS Dividend Record, Payment Date
The IT major has not fixed the dividend record and the payment date.
The company has had a dividend yield of 1.27 per cent in the last 12 months at the current levels.
TCS Share Price Today News
TCS share price settled 0.45 per cent higher at Rs 4,000.30 apiece on the BSE on Friday as against a 1.06 per cent correction in the benchmark.
India’s largest software services company TCS on Friday reported a 9.1 per cent growth in its March quarter net profit at Rs 12,434 crore. The Tata Group company’s post tax profit during the January-March period last year stood at Rs 11,392 crore. In the fiscal year 2023-24, the company’s net profit grew 9 per cent to Rs 45,908 crore, as per an exchange filing. In the March quarter, its revenue grew 3.5 per cent to Rs 61,237 crore year on year. Its operating profit margin expanded by 1.50 per cent to 26 per cent.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Times Now Digital suggests its readers/audience to consult their financial advisors before making any money related decisions.)
TSC is trading just above its 20 days and 50 days EMAs. It works as a support range for averging and fresh buying. The counter surged nearly 4 per cent in Friday’s trading session. TCS Share Price Target 2024, TCS Share Price Today News NSE BSE, TCS Share Price History, TCS Dividend Record Date – check all details here.
TCS Share Price Target 2024: Tata Consultancy Services Stock Zooms Over 3 pc, Analysts Recommend Strategy; TCS Dividend 2024 Record Date
TCS Share Price Target 2024, TCS Share Price Today News NSE BSE, TCS Share Price History: Tata Consultancy Services (NSE: TCS) share price surged nearly 4 per cent in Friday’s trading session to quote an intraday high of Rs 3,894 apiece on the National Stock Exchange (NSE), from its previous day closing of Rs 3735.55 apiece. At the time of filing this report, the scrip was trading in green to quote at Rs 3,876.15 a share, up by 3.76 per cent. Lately, brokerages have been bullish on the Tata Group stock and increasing their targets continuously. Global brokerages Morgan Stanley, Jefferies and Bernstein have once again initiated buy coverage on TCS shares and also hiked their targets.
TCS Share Price Target 2024
Global broking firm Morgan Stanley upgraded to ‘Overweight’ on the counter and raised the price target to Rs 4,240 per share from Rs 3,900 apiece. American Brokerage Jefferies maintained ‘HOLD’ on the counter with a target price of Rs 4,000 a share.
HSBC too maintained ‘HOLD’ on the counter, raising the target price to Rs 3,640 a share. Nomura maintained ‘Reduce’ on with a target price of Rs 3160 a share. Citi maintained ‘Sell’ with a target price of Rs 3515 per share.
VLA Ambala, SEBI Registered Research Analyst and Co-Founder of Stock Market Today- SMT, explained “Currently TSC is trading just above its 20 days and 50 days EMAs. It works as a support range for averging and fresh buying. Most ideal fresh buying could be done in 3650 to 3720 range and expected targets from 3840 to 4750 in the next 3 quarters. Follow stop loss at 3500, if your investing view is short-term to mid-term.”
TCS share price has gained 19 per cent in the last 180 days. The Tata Group stock has multiplied investors wealth by 22.27 per cent in the last three years, making investors richer with massive gains, as per BSE Analytics.
Tata Group company at a board meeting declared a third interim dividend of Rs 9 per equity share. IT major also declared a special dividend of Rs 18 per equity share on the face value of Re 1 each of the company.
TCS Dividend 2024 Record Date
IT giant has fixed Friday, January 19, 2024 as the record date for the purpose of determining the eligibility of the equity shareholders for the third interim dividend and a special dividend for the financial year 2023-24.
TCS Dividend 2024 Payment Date Latest News
IT major has fixed February 5 as dividend payout date.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Times Now Digital suggests its readers/audience to consult their financial advisors before making any money related decisions.)