TCS shares in focus as company's board to consider 2nd interim dividend on October 10
Tata Consultancy Services (TCS) are expected to remain in focus on Tuesday as the company said that it could consider a second interim dividend for the equity shareholders on October 10.
TCS will hold a board meeting to take a call on this and will also announce its July-September quarter (Q2FY25) earnings on this day.
The earnings announcement will be followed by a conference call for investors at 7 pm, a company filing post the market hours on Monday said.
The 2QFY25 revenue growth for the overall IT sectors is likely to be decent but could disappoint elevated expectations, Motilal Oswal (MOFSL) said in a preview note.
At the industry level, the domestic brokerage remains enthusiastic about a change in client spending behaviour but believes that the recovery would be gradual and could be initially restricted to some pockets, e.g. US banking.
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