TCS drops ex-dividend

TCS lost 1.71% to Rs 2069.50 at 10:53 IST on BSE as the stock turned ex-dividend today, 6 June 2014, for final dividend of Rs 20 per share for the year ended 31 March 2014.

Meanwhile, the S&P BSE Sensex was up 202.53 points or 0.81% at 25,222.04.

On BSE, so far 51,000 shares were traded in the counter as against average daily volume of 1.36 lakh shares in the past one quarter.

The stock hit a high of Rs 2110 and a low of Rs 2062.50 so far during the day. The stock had hit a record high of Rs 2,384.20 on 14 January 2014. The stock had hit a 52-week low of Rs 1,382.10 on 26 June 2013.

The stock had underperformed the market over the past one month till 5 June 2014, declining 4.89% compared with Sensex's 11.47% rise. The scrip had also underperformed the market in past one quarter, sliding 6.43% as against Sensex's 17.59% rise.

The large-cap company has equity capital of Rs 195.87 crore. Face value per share is Re 1.

Before turning ex-dividend, the stock offered a dividend yield of 0.94% based on the closing price of Rs 2,105.55 on Thursday, 5 June 2014.

TCS' consolidated net profit rose 2.3% to Rs 5297 crore on 1.2% growth in revenue to Rs 21551 crore in Q4 March 2014 over Q3 December 2013.

TCS is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPS, infrastructure, engineering and assurance services.

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