Large cap company from the telecom industry, Tata Communications will consider, approve standalone and consolidated financial results for the financial year ended March 31, 2024 on April 17. The company will also recommend dividend on the same day, if any. Last trading price of Tata Communication share on BSE is quoted at Rs 2056.85 per share. The company’s market cap is Rs 58,620.23 crore. Check details about dividend, stock and other aspects related to Tata Communications below:
Tata Communications Will Mull Financial Results, Dividend Soon: As per the BSE filing of Tata Communications, “it is hereby informed that, a Meeting of the Board of Directors of Tata Communications Limited (“the Company”) is scheduled to be held on Wednesday, April 17, 2024 to inter alia consider, approve and take on record the Standalone and Consolidated Audited Financial Results along with the Reports of Statutory Auditors thereon for the financial year ended March 31, 2024 and to recommend dividend, if any, for the financial year ended March 31, 2024.”
Tata Communications Dividend History: Tata Communications has already declared 25 dividends since August 31, 2000. In the previous 12 months, the company declared an equity dividend of Rs 21.00 per share. If the current share price of Tata Communications is considered, Tata Communications provides shareholders dividend yield of 1.02%, as per Trendlyne data.
Tata Communications Share Performance: Tata Communications shares’ 52-week high price on BSE is quoted at Rs 2085.00 apiece and 52-week low price is quoted at Rs 1175.00 apiece, respectively. Tata Communications shares rallied 10% in last 6-months, gave return of 83% in last 3-years, and jumped maximum 963% in last 10-years span. In last 1-year, Tata Communications stock gained 65% and surged 67% in last 2-years.
Tata Communications Bonus Share History: The company declared bonus issue once since October 26, 2000. Tata Communications’ last bonus share was announced in the ratio of 2:1 and fixed ex-bonus date as October 26, 2000.
Analysts Give Buy Call: As per KKunal V Parar, VP of Technical Research from Choice Broking, Tata Communication shares gave a breakout of its Upper Band of Triangle formation. Trades can buy Tata Communications stock for a target price of Rs 2100 in the short to medium term. The analyst has urged to maintain stop loss below Rs 1670.
On the other hand, Religare Broking has recommended buy rating to Tata Communication share with target price of Rs 2045 apiece. As per the brokerage firm, “the stock has registered a breakout from the consolidation range with a noticeable surge in volumes. It is likely to challenge its previous swing high level of Rs 1915.” Religare has suggested investors to keep stop loss at Rs 1835 per share.
Disclaimer: The stock has been picked from the brokerage report of Religare and Choice Broking. Highreturns.in, the Author, and the Brokerage houses are not liable for any losses caused as a result of decisions based on the article. Highreturns.in recommends readers to refer certified experts before taking any investment decision.
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