Stock Update: Both the stock market indices are trading falling. Shares of Tata Group remain in focus in the sell-off business. Actually, two companies of Tata Group, Tata Elxsi and TCS released the results of the third quarter. After the quarterly results, TCS shares rose and Tata Elxsi shares were sold off.
TCS Q3 Result
TCS had released its quarterly results in Thursday’s session. In this result, the company said that in the December quarter, the company’s net profit increased by 12 percent on an annual basis. The company’s revenue also increased by 6 percent. According to the order book of TCS, the company’s order book in the December quarter increased to $ 1020 crore, which was $ 810 crore in the same quarter last year.
The company is also announcing dividend along with its financial performance. The company is also giving Special Dividend (TCS Special Dividend) to the investors along with Interim Dividend (TCS Interim Dividend). The company has fixed the record date for dividend as 17 January 2024. TCS is giving interim dividend of Rs 10 and special dividend of Rs 66.
TCS Share Price
Today the company’s shares are trading at Rs 4,277.25 per share with a rise of 5.93 percent. Till 1 pm the stock touched a high of Rs 4,292.65 per share.
Tata Elxsi share decline
Shares of Tata Group company Tata Elxsi are trading falling. The company has also recently announced its quarterly results. According to the quarterly results released by the company, the net profit stood at Rs 199 crore. Which is 3.5 percent less than the same quarter last year. However, the company’s revenue increased by 3 percent to Rs 939.17 crore in the December quarter. Apart from this, the total expenses of the company have also increased by 7 percent to Rs 723 crore in the third quarter. The company’s results were not better than expected. Due to this there has been selling in the company’s shares.
At the time of writing the news, the company’s shares are trading at Rs 5,982.80 per share, falling by more than 7 percent. Shares of Tata Elxsi touched a new 52-week low today. Now Tata Elxsi’s 52-week-low is Rs 5,921.00.
Disclaimer: This information is for informational purposes only and should not be construed as investment advice. It is recommended to consult a financial advisor before making investment decisions.