For Quick Alerts
For Daily Alerts

TCS Share Price Halves As They Turn Ex-Bonus Today


Tata Consultancy Services (TCS) shares will turn ex-bonus on Thursday. The largest Indian IT firm by sales had announced a 1:1 bonus for its shareholders on its 50th anniversary. The date set for bonus shares is June 2. This is the third time TCS is offering bonus since its listing in 2004.

TCS Share Price Halves As They Turn Ex-Bonus Today

Share prices of TCS have as a result halved for adjustment today to from Rs 3,514.10 at market closing on Wednesday to around Rs 1,750 today.

What is ex-bonus?

If you were to hold TCS shares before today, you would be eligible to get the bonus shares that the company will be issuing. You would have 1 extra stock per share that you held.

But from today, that is after the shares have gone "ex-bonus," if you were to buy any number of additional shares, you will not get be eligible to get the bonus that is going to be issued.

The IT giant had reported a 4.48 percent rise in its fourth quarter (January-March 2018) last month to Rs 6,904 crore from Rs 6,608 crore in the same quarter last year. On a quarter to quarter basis it had gained 5.71 percent in profit.

Read more about: tcs ex bonus
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more