Rs 10.05 Dividend: Tata Stock Sets June 13 As Record Date, Buy Or Sell? Check Eligibility

Tata Group company Tata Technologies Ltd today fixed June 13, 2024 as the record date for final and special dividend. Earlier on May 3, 2024, the Board of Directors of Tata Technologies recommended final dividend of Rs 8.40 per share and special dividend of Rs 1.65 per equity share of Rs 2 each of the company. Tata Technologies shares gained 2.33% in last 2-weeks. Meanwhile, brokerage firm ICICI Securities has recommended buy call to Tata Technologies shares with target price of Rs 1,330 per share. Current market price of Tata Technologies share on BSE is Rs 1051.80 per share.

Tata Technologies Recommended Final Dividend, Special Dividend On May 3: As per the BSE filing of the company, "The Board of Directors at its meeting held on May 3, 2024, had recommended a final dividend of Rs. 8.40 and special dividend of Rs. 1.65 per Equity share of Rs. 2 each of the Company for the financial year ended March 31, 2024, for approval by the shareholders at the AGM."

Tata Technologies Sets Record Date For Dividend: As per the regulatory filing issued May 22, "the Company has fixed Thursday, June 13, 2024, as the "Record Date" for the purpose of determining the entitlement of Members to receive final and special dividend for the financial year ended March 31, 2024."

Tata Technologies Share Performance: The 52-week high price of Tata Technologies share on BSE is Rs 1400.00 per share (as on 30/11/2023) and 52-week low price is Rs 1004.15 per share (as on 13/05/2024). The company has a market capitalisation of Rs 42,731.09 crore. Tata Technologies shares soared 0.15% in last 1-month, declined over 8% in last 3-months, and fell over 10% year-to-date.

How To Be Eligible For Tata Technologies Dividend? Record date plays key role in deciding eligibility of shareholders for receiving dividend. Individuals whose name appear in company's shareholders record as on the record date will become eligible to earn dividend announced by the company. Record date is the particular day on which a company confirms the list of shareholders eligible for its dividend distribution. Tata Technologies fixed May 25 as the record date for first interim dividend.

ICICI Securities Bullish On Tata Technologies, Recommends Buy Call: According to analyst, Tata Technologies is well-positioned in the fast growing auto-engineering, research & development (ER&D) segment, which is outpacing traditional IT services. Structural drivers, such as increasing digital engineering penetration and India's favorable position as an outsourcing destination, bolster Tata Tech's growth prospects. The analyst has assigned buy call with target price of Rs 1330 per share.

About: Tata Technologies is a global product engineering and digital services company focused on fulfilling its mission of helping the world drive, fly, build, and farm by enabling customers to realize better products and deliver better experiences to the consumers of their products, according to its official website.

Disclaimer:

The stock has been picked from the brokerage report of ICICI Securities. Greynium Information Technologies, the Author, and the respective Brokerage House 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.