Latest news with #BSE.TCS
Economic Times
2 days ago
- Business
- Economic Times
TCS record date for Rs 11 dividend tomorrow. Last chance to buy shares for eligibility
Live Events TCS Q1 results TCS share price target Other stocks to go ex-dividend tomorrow: (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Tata Consultancy Services TCS ) will trade ex-dividend on Wednesday, July 16, as the IT giant has fixed this date as the record date for its recently announced interim dividend of Rs 11 per investors holding TCS shares as of July 16 will be eligible to receive the a regulatory filing, TCS informed that its board of directors approved an interim dividend of Rs 11 per equity share of Rs 1 each. The company further stated that the dividend payout is scheduled for August 4, 2025, and will be credited to eligible shareholders whose names appear in the company's records or in the records of depositories as of the record to data from Trendlyne, TCS has declared a total dividend of Rs 126 per share over the past 12 months. Based on a share price of Rs 3,215.10, the stock currently offers a dividend yield of 3.92%.On Monday, TCS shares closed 1.3% lower at Rs 3,223.20 on the on Thursday reported a 6% year-on-year rise in its consolidated net profit for Q1FY26, reaching Rs 12,760 crore, up from Rs 12,040 crore in the same quarter last year. The profit figure came in higher than Street estimates of Rs 12,205 revenue stood at Rs 63,437 crore, falling short of analysts' expectations of Rs 64,538 crore. However, it marked a 1.3% increase over Rs 62,613 crore reported in the corresponding period last the company's Q1 results, Nuvama shared that it maintained a 'Buy' rating on TCS with a revised target price of Rs 3,950 (earlier Rs 4,050), valuing the stock at 25x FY27E Antique has also maintained a 'Buy' rating on TCS with a revised target price of Rs 3,725, down 3% from the earlier estimate of Rs 3, to Trendlyne data, the 1-year target price of the stock is Rs 3,747.– Rs 0.73 per share (36.5%)– Rs 10 per share (100%)– Rs 1 per share (10%)– Rs 0.1 per share (1%)– Rs 0.14 per share (1.4%)– Rs 2 per share (100%)– Rs 6 per share (300%): Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
2 days ago
- Business
- Time of India
TCS record date for Rs 11 dividend tomorrow. Last chance to buy shares for eligibility
Tata Consultancy Services shares will trade ex-dividend on July 16. The company fixed this date as the record date for its interim dividend. TCS announced a rise in consolidated net profit for Q1FY26. Nuvama and Antique maintained a 'Buy' rating on TCS. They also revised the target price for the company's shares. Several other companies will also go ex-dividend tomorrow. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Other stocks to go ex-dividend tomorrow: Tired of too many ads? Remove Ads Shares of Tata Consultancy Services TCS ) will trade ex-dividend on Wednesday, July 16, as the IT giant has fixed this date as the record date for its recently announced interim dividend of Rs 11 per investors holding TCS shares as of July 16 will be eligible to receive the a regulatory filing, TCS informed that its board of directors approved an interim dividend of Rs 11 per equity share of Rs 1 each. The company further stated that the dividend payout is scheduled for August 4, 2025, and will be credited to eligible shareholders whose names appear in the company's records or in the records of depositories as of the record to data from Trendlyne, TCS has declared a total dividend of Rs 126 per share over the past 12 months. Based on a share price of Rs 3,215.10, the stock currently offers a dividend yield of 3.92%.On Monday, TCS shares closed 1.3% lower at Rs 3,223.20 on the on Thursday reported a 6% year-on-year rise in its consolidated net profit for Q1FY26, reaching Rs 12,760 crore, up from Rs 12,040 crore in the same quarter last year. The profit figure came in higher than Street estimates of Rs 12,205 revenue stood at Rs 63,437 crore, falling short of analysts' expectations of Rs 64,538 crore. However, it marked a 1.3% increase over Rs 62,613 crore reported in the corresponding period last the company's Q1 results, Nuvama shared that it maintained a 'Buy' rating on TCS with a revised target price of Rs 3,950 (earlier Rs 4,050), valuing the stock at 25x FY27E Antique has also maintained a 'Buy' rating on TCS with a revised target price of Rs 3,725, down 3% from the earlier estimate of Rs 3, to Trendlyne data, the 1-year target price of the stock is Rs 3,747.– Rs 0.73 per share (36.5%)– Rs 10 per share (100%)– Rs 1 per share (10%)– Rs 0.1 per share (1%)– Rs 0.14 per share (1.4%)– Rs 2 per share (100%)– Rs 6 per share (300%): Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
India Today
6 days ago
- Business
- India Today
TCS falls 2% on Q1 results miss. Should you buy as IT stocks struggle?
Shares of Tata Consultancy Services (TCS) dropped nearly 2% in early trade on Friday, reacting to its weaker-than-expected Q1 earnings for the financial year 2025–26. The stock was down 1.83% at Rs 3,320.20 around 9:55 am on the has lost 2.74% over the past five days and declined 4.37% in the past month. Over a six-month period, the stock is down 22.63%.India's largest IT services company reported a 6% year-on-year growth in consolidated net profit at Rs 12,760 crore for the June quarter, compared to Rs 12,040 crore in the same period last year. The profit was above analysts' expectations of Rs 12,205 from operations came in at Rs 63,437 crore, a 1.3% increase from Rs 62,613 crore a year ago. However, in constant currency terms, the company reported a 3.1% year-on-year decline in revenue. This raised concerns about demand outlook for the rest of the also announced an interim dividend of Rs 11 per share for FY26. The record date is set for July 16, and the dividend will be paid on August CEO K Krithivasan pointed to broader challenges. He said, 'The continued global macro-economic and geo-political uncertainties caused a demand contraction, though on the positive side, all the new services grew well.' He added that the company saw strong deal closures and is helping customers manage business challenges through cost optimisation, vendor consolidation, and AI-led the earnings miss, analysts highlighted the company's strong deal wins. TCS secured orders worth USD 9.4 billion in the quarter, translating to a book-to-bill ratio of 1.3x. However, the benefits of these deals are yet to reflect in revenue Kumar of JM Financial said TCS' Q1 revenue fell 3.3% quarter-on-quarter in constant currency terms, much worse than their estimate of a 0.6% drop. 'The BSNL ramp-down accounted for 85% of the revenue decline,' he noted. He added that while international business was largely steady, the bigger concern is around revenue to Kumar, the decline in USD 50 million-plus clients by nine over the past four quarters, about 6% of the client base, is the highest ever and indicates deeper challenges. 'Client-specific issues like the Deutsche Bank decline may also be impacting performance,' he Kumar remains optimistic. 'It is improbable that TCS is winning new deals but is unable to retain existing ones. Once macro uncertainty lifts, growth should improve,' he said. He continues to recommend a buy on the stock with a revised target price of Rs 3, poor show from TCS also dragged the broader IT index. Nifty IT fell 1.15% to close at 37,935.80, with most major tech stocks in the red. Infosys fell 1.77%, Wipro lost 1.57%, and HCL Technologies was down 0.69%. Tech Mahindra and Coforge also saw minor analyst said the weak numbers from TCS reflect the broader struggle in the IT sector, especially for large-cap companies. 'Midcap IT is still expected to perform better,' the analyst focus now shifts to earnings from other IT majors such as Infosys and HCL Technologies in the coming days. Investors will watch closely to see if the pressure on the sector continues or if there are signs of recovery The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)- Ends
