Tata Stock To Consider 2nd Interim Dividend Next Month, Record Date Fixed

Large cap Tata Group's IT Software sector company, Tata Consultancy Services Ltd will consider its second interim dividend and approve the audited standalone financial results on October 11, 2023 for the period ending September 30, 2023. Last trading price of Tata Consultancy Services share on BSE is Rs 3530.75 per share with intraday fall of 0.18%. TCS shares offered shareholders return of 13% in last 6-months and 18% in last 1-year. Check details below:

As per the BSE filing of the company dated September 29, 2023, "Pursuant to Regulation 29(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that a meeting of the Board of Directors of Tata Consultancy Services Limited is scheduled to be held on Wednesday, October 11, 2023, inter alia to:

i. approve and take on record the audited condensed standalone financial results of the Company under Indian Accounting Standards (Ind AS) for the quarter and six month period ending September 30, 2023;

ii. approve and take on record the audited condensed consolidated financial results of the Company and its subsidiaries under Ind AS for the quarter and six month period ending September 30, 2023; and

iii. consider declaration of second interim dividend to the equity shareholders.

TCS Stock Outlook & Return: Last trading price of TCS share is Rs 3530.75 per share with intraday fall of 0.18%. Its 52-week high price is Rs 3633.05 apiece (achieved on September 22, 2023) and 52-week low price is Rs 2950.10 apiece (achieved on September 30, 2029). The company has a market capitalisation of Rs 12,91,919.56 crore. TCS stock offered return of 10% in last 3-months, gained 13% in last 6-months, soared 8% YTD, and jumped 18% in last 1-year. TCS stock fell 7% in last 2-years, gave return of 42% in last 3-years, and offered a rally of 62% in last 5-years.

TCS Q1 Dividend: Earlier this year, Tata Consultancy Services Declared Dividend On July 12, 2023. As per the BSE filing of TCS, "We would like to inform you that at the Board Meeting held today, the Directors have declared an interim dividend of Rs 9 per Equity Share of Re 1 each of the Company.

TCS Q1 Financial Results: The leading technology major announced an approximated 17% year-on-year (YoY) surge in its consolidated net profit for the quarter ended June 30, 2023 to Rs 11,074 crore. Its consolidated revenue soared approximately 13% YoY to Rs 59,381 crore.

Tata Consultancy Services About: Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world's largest businesses for the past 50 years. A part of the Tata group, India's largest multinational business group, TCS has over 614,000 of the world's best trained consultants in 55 countries. The company generated consolidated revenues of US $27.9 billion in the fiscal year ended March 31, 2023 and is listed on the BSE and the NSE in India, according to its official website.