TCS Share
TCS Share

TCS Share: Tata Consultancy Services (TCS), one of India’s leading IT firms, recently released its financial results for the second quarter. The figures reveal that the company has recorded a net profit of INR 11,342 crores for the mentioned period. Their total revenue stood at INR 59,692 crores. When examining these numbers on a year-on-year basis, TCS observed a 9% increase in net profit and an 8% rise in total revenue.

Also read: ICICI Bank’s Latest Facility Unlocks More Benefits for Customers – Don’t Miss Out!

Further breaking down the financial details:

  • The EBIT margin was recorded at 24.3%, showing an improvement when compared to the previous quarter’s 23.2%.

Dividends and Share Buyback Announcement:

TCS declared a dividend of INR 9 per share. Alongside this, the company has approved a share buyback program, which is worth INR 17,000 crores. The buyback price for the shares has been set at INR 4,150 each.

Also read: Discover Why It’s Wise to Avoid This Stock That Transformed ₹10,000 into ₹7 Lakhs – Unveiling the Risks Involved

Stock Performance and Previous Buybacks:

Post-business hours, TCS shares closed at INR 3,609.90, witnessing a decline of 0.52%, or INR 19. During the trading session, the shares fluctuated between a low of INR 3,605.00 and a high of INR 3,650.00. In the past 52 weeks, the share price ranged from a low of INR 3,005.00 to a high of INR 3,679.00. Historically, TCS has initiated share buybacks in 2017, 2018, 2020, and 2022, investing nearly INR 66,000 crores across these four instances.

Also read: 5 Stocks That Filled Investors’ Pockets as Stock Market Gained for the 5th Straight Week

Meanwhile, the NIFTY IT index too experienced a dip, closing with a slight decline of 0.07% at 32,548.00 points.

Also read: Penny Stock Announces Bonus Shares, Leading to a Dramatic Surge in Stock Value, Attracting Investor Attention

TCS Share Returns Snapshot:

  • 1 week: 2.04%
  • 1 month: 3.71%
  • 3 months: 10.31%
  • Year-to-date: 10.85%
  • 1 year: 17.60%
  • 3 years: 28.33%

This data showcases the steady and consistent performance of TCS shares in the stock market, reaffirming its position as a prominent player in the IT sector.