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TCS slips ex-dividend

Capital Market/ 10:18 , Jun 07, 2012

Tata Consultancy Services fell 1.23% to Rs 1,238.10 at 10:28 IST on BSE after the stock turned ex-dividend for a total dividend of Rs 16 per share for the year ended March 2012.

Meanwhile, the BSE Sensex was up 111.44 points or 0.68% to 16,565.74

On BSE, 11,673 shares were traded in the counter as against average daily volume of 1.72 lakh shares in the past one quarter.

The stock hit a high of Rs 1,250 and a low of Rs 1,235.05 so far during the day. The stock had hit a record high of Rs 1,294.80 on 4 May 2012. The stock had hit a 52-week low of Rs 902.90 on 22 August 2011.

The large-cap stock outperformed the market over the past one month till 6 June 2012, falling 1.94% compared with the Sensex's 2.24% decline. The stock also outperformed the market in past one quarter, rising 4.30% as against Sensex's fall of 4.19%.

India's largest IT company by revenue has an equity capital of Rs 195.72 crore. Face value per share is Re 1.

Before turning ex-dividend, the stock offered a dividend yield of 1.27% based on the closing price of Rs on 30 May 2012.

TCS had recommended a final dividend of Rs 8 per share and a special dividend of Rs 8 per share for the year ended March 2012.

TCS' consolidated net profit rose 3.28% to Rs 2894.93 crore on 0.41% growth in net sales to Rs 13259.33 crore in Q4 March 2012 over Q3 December 2011.

TCS is an IT services, consulting and business solutions organisation. It offers a consulting-led, integrated portfolio of IT, BPO, infrastructure, engineering and assurance services.

 



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