Tata Group Stock To Soon Recommend Final Dividend For FY 2023

Tata Group stock, Tata Consultancy Services Ltd is all set to begin the 4th quarter earning seasons by announcing financial results on April 12, 2023. A meeting of board of directors of company is scheduled to take place to recommend final dividend, if any, on equity shares of the company for FY ending March 31, 2023. The large cap stock delivered 6% return in last 6-months and 75% return in last 3-years. Check
details below:

TCS To Announce Final Dividend: According to the BSE filing of the company, "TATA CONSULTANCY SERVICES LTD has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/04/2023, inter alia, to consider and approve i. approve and take on record the audited standalone financial results of the Company under Indian Accounting Standards (Ind AS) for the year ending March 31, 2023; ii. approve and take on record the audited consolidated financial results of the Company and its subsidiaries under Ind AS for the year ending March 31, 2023; and iii. recommend a final dividend, if any, on the equity shares of the Company for the financial year ending March 31, 2023 for the approval of the shareholders at the ensuing 28th Annual General Meeting."

TCS Stock Performance: The last trading price of Tata Consultancy Services is Rs 3205.80 apiece with intraday gain of 2.16% on BSE. The stock's 52-week high is Rs 3835.50 apiece and 52-week low price is Rs 2926.00 apiece. The company's market capitalisation is Rs 11,73,018.69 crore.

TCS Return: The stock gave return of over 2% in last 6-months, declined 14% in last 1-year, gave 0.89% return in last 2-years, and gave 75% return in last 3-years. The stock soared 125% in last 5-years.

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 in their transformation journeys for over 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, according to its official website.

Disclaimer: The stock is expected to declare final dividend on April 12. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.