Multibagger Large Cap Tata Group Stock Fixes Record Date For 3rd Interim Dividend

Large cap Tata Group stock, Tata Consultancy Services Ltd has fixed the record date for 3rd interim dividend. The record date has been decided as January 17, 2022. The company has a market capitalisation of Rs 11,93,088.59 crore. Check key details below:

1. TCS Fixes Record Date For 3rd Interim Dividend

The board of directors of the company stated in the regulatory filing, "The third interim dividend, if declared, shall be paid to the equity shareholders of the Company whose names appear on the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares as on Tuesday, January 17, 2023 which is the Record Date fixed for this purpose."

Apart from fixing the record date for 3rd interim dividend, it will also approve and take on record the audited standalone financial results of the Company under Indian Accounting Standards (Ind AS) for the quarter and nine month period ending December 31, 2022; approve and take on record the audited consolidated financial results of the Company and its subsidiaries under Ind AS for the quarter and nine month period ending December 31, 2022. 

2. TCS Stock Performance

The last trading price of the stock is Rs 3260 apiece with a marginal intraday gain of 0.04%. The stock's 52-week high is Rs 4045 apiece and 52-week low is Rs 2926 apiece, respectively.

3. TCS Return

The stock has given return of 147% in last 5-years, 51% in last 3-years, and declined 13% in last 1-year. The shares have rallied 9% in last 3-months and declined 5% in last 1-month.

4. About TCS

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 592,000 of the world's best-trained consultants in 55 countries. The company generated consolidated revenues of US $25.7 billion in the fiscal year ended March 31, 2022, and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India, according to its official website.

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