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Synopsis: Tata Consultancy Services (TCS) will announce its Q3 FY2025 financial results on January 9, 2025, alongside deliberations on a third interim dividend with a record date of January 17, 2025. While analysts offer mixed views, TCS remains a focal point for investors on Dalal Street.
Tata Consultancy Services (TCS), one of India’s leading IT giants, has scheduled its board meeting for January 9, 2025, to review and approve the financial results for the quarter and nine months ending December 31, 2024. During the meeting, the board will also deliberate on declaring a third interim dividend for the fiscal year 2024-2025.
Results and Dividend Declaration:
TCS is set to announce its financial results post-market hours on January 9, 2025. Alongside, the board is expected to approve the third interim dividend, with January 17, 2025, as the record date. Shareholders listed as of this date will be eligible for the dividend payout.
Stock Performance:
TCS shares recently traded at ?4,112.80, with the company achieving a total market capitalization of approximately ?14.82 lakh crore. The stock has shown modest gains, reflecting investor optimism ahead of the announcement.
Analyst Opinions
Positive Outlook by CLSA:
CLSA highlighted stable demand and improved client sentiment, particularly following the rupee’s depreciation, which has bolstered earnings. They have raised their EPS estimates for TCS.
Cautious Stance by Citi:
Citi has maintained a ‘sell’ rating on TCS, setting a target price of ?3,950, citing concerns in the IT sector.
Bullish View by Motilal Oswal:
Motilal Oswal remains optimistic, issuing a ‘buy’ rating with a target price of ?5,000, driven by expectations of normalized client challenges and a strong deal pipeline.
Market Insights
While the company has shown resilience, certain client-specific challenges and regional weaknesses, particularly in UK/Europe and manufacturing sectors, continue to pose risks. The BFSI sector remains a strong point, with promising deal pipelines expected to fuel growth.
Disclaimer: The above information is for educational and informational purposes only and should not be considered financial advice. Always consult a financial advisor before making investment decisions.
