TCS has fixed January 19 as the record date to determine the eligibility of shareholders for the proposed dividend. The third interim dividend and the special dividend will be paid on February 5 to the eligible shareholders. Shares of TCS will likely trade ex-dividend on the day or a day before the record date.
For TCS, focus would be on strategic direction under the new CEO. For TechM, focus would be on a possible turnaround under new CEO. Investors could also be looking for a buyback from Infosys and Wipro, Jefferies said.
TCS Share Price: In the 1990s, TCS had helped SIX build an originally critical core platform, which marked one of the first online real-time settlement systems in the world, serving as the backbone of the market post-trade value chain in Switzerland.
The Sensex rallied more than 1,600 points or 2.4% last week and ended at a record closing high of 71483.75 points on Friday. While the gains were broad-based in the market, information technology, metals, infrastructure, and realty topped the list.