The company also declared the first interim dividend for FY24 at Rs 15.25 per share and fixed November 21, 2023 as the record date for the same
The stock has been one of the top out-performers so far this month, and gained a whopping 18.5 per cent.
Stocks to Watch on Monday, November 13, 2023: Shares of Protean eGov Technologies will list on the bourses today
Amid concerns over small and midcap valuations, brokerages suggest navigating the investment landscape like a well-timed fireworks display, favouring the brilliance of largecap stocks
Six straight year of gains on muhurat trading day
This came after such investors withdrew Rs 24,548 crore in October and Rs 14,767 crore in September, data with the depositories showed
Muhurat Trading on Diwali, November 12, 2023: Sensex, Nifty clock their second-best Muhurat trading gains in five years. Besides, it was their third-best Muhurat trading gain in 15 years
The board of directors of BSE has approved the fund infusion of Rs 22.36 crores in India India INX and Rs 33.88 crore in India International Exchange (IFSC)
The stock had shed 16 per cent in Samvat 2079. So far in 2023, the stock has declined 9 per cent as against a near 7 per cent gain on the BSE benchmark.
The stock had surged 47 per cent in Samvat 2079. So far in the calendar year 2080, the stock has rallied 41 per cent as against a near 7 per cent gain on the BSE Sensex.
The mcap of TCS declined by Rs 6,604.59 crore to Rs 12,19,488.64 crore
The board also approved the notice of Extraordinary General Meeting (EGM) for seeking approval of shareholders by way of special resolution for approval for issuance of the securities
In comparison, the exchange had posted a net profit of Rs 29.4 crore in the year-ago period, BSE said in a statement
The average IPO size for Samvat 2079 stood at Rs 822 crore-lowest in four years-and over 60 per cent below last year's average of Rs 2,212 crore
Overall sales have seen an increase over last year, but that was in value terms and not in quantity, because of prices being 20 per cent higher than last Diwali
Going ahead, the company has guided for a double-digit sales growth
But rising US bond yields cap gains
In terms of relative global performance, India stood in the middle of the gap - outperforming emerging market peers but underperforming developed markets
The yield on the 5-year government bond closed the day at 7.27 per cent.
Orders dried up as a result of this, they said, adding that this created a heightened uncertainty in the forex market, causing excess volatility in the Indian rupee, which was avoidable