TCS, Infosys Wipro: Nirmal Bang said valuations for most IT stocks are expensive in relation to their 5-year or 10-year histories and it sees no material upside to FY25/FY26 earnings for its coverage in the next 12 months.
TCS dividend: TCS paid a special dividend of Rs 18 per share and an interim dividend of Rs 9 per cent share post its third quarter results. It announced Rs 45 per share in total dividend in FY24 so far.
TCS share price gained about 2 per cent in Q4FY24, significantly outperforming its sectoral index Nifty IT which declined about 2 per cent during the quarter.
Q4 earnings preview: Infosys and Wipro should see flat revenues, while TCS is expected to outperform others with 2.2 per cent QoQ CC, driven by the scaling up of the BSNL business, Motilal Oswal said.