TCS share price

TCS Stock Buzz: Surges, Upgrades, and Dividends Galore!

Exciting updates on TCS share price and Q3 results - profits up, dividends announced, and stocks soaring!

Tata Consultancy Services (TCS) has seen a whirlwind of activity in the stock market recently, with its share price jumping 4% after the Q3 results were announced. Investors couldn't be happier as TCS reported a 2% increase in profits and announced a dividend of Rs 27 per share. This positive news led to a surge in TCS stock price, with a 4.22% increase on Jan 12, 2024, closing at Rs 3893.75 per share.

Following the impressive Q3 performance, TCS shares gained over 3% as the company reported better-than-expected results. Analysts and investment firms like Morgan Stanley and Motilal Oswal have upgraded TCS stock, with projections pointing towards further growth. With the stock trading above its 20 and 50 days EMAs, TCS is attracting fresh buyers and maintaining a strong position in the market.

In a surprising move, TCS announced an interim dividend of ₹9 along with a special dividend of ₹18 per equity share for the financial year 2023-24, rewarding its shareholders generously. The tech giant's Q3 profit rise of 2% sparked confidence in investors, despite a slight decrease in order wins compared to the previous quarter.

Notably, TCS's consistent performance and strategic positioning have made it a top choice for investors looking for stability and growth in the Indian market. With a strong dividend policy and resilient financial standing, TCS continues to impress both analysts and shareholders alike.