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.
On April 18, Infosys said its Board recommended a final dividend of Rs 20 per equity share for the financial year ended March 31, 2024 and additionally a special dividend of Rs 8 per equity share