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TCS Buyback: The board meeting of Tata Group’s flagship company TCS is going to be held on October 11. In this meeting, the company will consider buying its shares. The news took Tata Consultancy Services (TCS shares) to new highs today. Shares of the company traded on BSE on Monday morning at Rs. A 52-week high of 3680 was reached.
The multibagger stock will be split into 10 pieces, close to the record date
Company can also pay dividend (record date of TCS dividend)
TCS had recently said that a decision on paying the dividend may also be taken at the board meeting on October 11. The record date will be deemed fixed as October 19, 2023 if the dividend is declared. TCS has traded at Rs.1 per share so far this year. 108 has been paid as a dividend. If announced again on October 11, TCS will pay dividend for the 5th time this year.
Company is giving 2 bonus shares for 1, record date announced, money doubles in one year
A stormy rise in shares
On Monday, shares of TCS on the BSE traded at Rs. opened at the level of 3654. Within a short time, the company’s share rose by 1.6 percent to Rs. It touched an intra-day high of 3680. The share price of this Tata Group company has seen an increase of more than 5 percent in the last one month. At the same time, investors who bought the stock a year ago have gained more than 17 percent year-to-date.