The IT services giant will get the ball rolling for the large-cap earnings season for the first quarter ended June 30, 2023, for the current fiscal year.
One report said that four senior officials were sacked from Tata Consultancy Services for accepting bribes from recruitment agencies in exchange for jobs.
Shares of Tata Consultancy Services (TCS), Visaka Industries, DCB Bank, and DJ Mediaprint have turned ex-dividend. TCS, which announced a dividend of Rs 24 per share, has fixed June 15 as the record date. In the last 12 months, TCS has paid a dividend of Rs 91 per share with a dividend yield of 2.8%. While Motilal Oswal has a buy tag on TCS stock, most analysts are cautious on the IT sector in the near term. TCS stock closed flat at Rs 3,245 apiece on NSE.
HDFC Bank, ICICI Lombard, Coromandel International are Ashika Stock Broking's top three picks for June. ICICIdirect said it likes Kotak Mahindra Bank, Axis Bank and SBI among banking and financial stocks.
The IT services company has secured a 10-year contract to manage the scheme administration services using its future-ready, digitally enabled, omnichannel platform powered by TCS BaNCS™.