TCS lost 0.84% to Rs 2,469 at 12:46 IST on BSE as the stock turned ex-dividend today, 13 June 2017, for final dividend of Rs 27.50 per share for the year ended 31 March 2017.
Meanwhile, the S&P BSE Sensex was up 99.66 points or 0.32% at 31,195.36.
On the BSE, 26,000 shares were traded on the counter so far as against the average daily volumes of 1.73 lakh shares in the past two weeks. The stock had hit a high of Rs 2,482.45 and a low of Rs 2,461 so far during the day. The stock had hit a 52-week high of Rs 2,740 on 16 August 2016 and a 52-week low of Rs 2,054.70 on 15 November 2016.
The stock had outperformed the market over the past one month till 12 June 2017, advancing 5.53% compared with the Sensex's 3.01% rise. The stock had, however, underperformed the market over the past one quarter, sliding 2.04% as against the Sensex's 7.43% rise. The scrip had also underperformed the market over the past one year, declining 2.77% as against the Sensex's 16.74% rise.
The large-cap company has equity capital of Rs 197.04 crore. Face value per share is Rs 1.
Before turning ex-dividend, the stock offered a dividend yield of 1.1% based on the closing price of Rs 2,489.90 yesterday, 12 June 2017.
Meanwhile, TCS announced a new collaboration with Intel Corporation to build a future ready reference architecture for the internet of things (IoT), cloud, network, 5G, AI and data center infrastructure management, helping to meet rapidly evolving digital transformation requirements of global markets. The announcement was made after market hours yesterday, 12 June 2017.
TCS and Intel are also investing in Centre of Excellence (CoE) in the US and India, which will be hubs for next generation datacenter technologies, IoT and cloud-ready network architectures to support customers.
TCS' consolidated net profit fell 2.81% to Rs 6622 crore on 0.31% decline in net sales to Rs 29642 crore in Q4 March 2017 over Q3 December 2016.
TCS is an IT services, consulting and business solutions organization.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app