Stock To Buy: Tata Large Cap To Consider Dividend On April 17, How To Be Eligible?

Leading Tata Group company from telecom sector, Tata Communications share price zoomed nearly 0.11% intraday today to settle at Rs 2056.85 per share on BSE. The company post market hours declared its upcoming meeting of Board of Directors scheduled to take place on April 17, 2024 to consider financial results and dividend for the financial year March 31, 2024.

Tata Communication share zoomed over 16% year-to-date and soared 65% in last 1-year. In last 5-years, Tata Comm share price witnessed a stunning rally of 439%. Check details below:

Tata Communications To Consider Results, Dividend On April 17: According to the regulatory filing of the company dated April 4, 2024, "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."

How To Be Eligible To Receive Dividend? In order to get dividends, traders must hold shares of the company recommending dividend. The record date is the date when the company checks its records to find who can receive dividends. Shareholders listed in the company's records as on the record date will be eligible to get dividends.

Tata Communications Dividend History: Tata Communications announced 25 dividends since August 31, 2000. In last 12 months, Tata Communications announced an equity dividend of Rs 21.00 per share. If the current share price of Rs 2056.85 is taken into consideration, Tata Communications offers a dividend yield of 1.02%.

Tata Communications Share Performance: The 52-week high price of Tata Communications shares on BSE is Rs 2085.00 apiece and 52-week low price is Rs 1175.00 per share, respectively. The company's market capitalisation is Rs 58,620.23 crore. Tata Communications shares gave return of 10% in last 6-months, zoomed 83% in last 3-years, and soared 963% in last 10-years.

Tata Communications Bonus Share History: Tata Communications offered 1 bonus issue since October 26, 2000. Its last Bonus issue was declared in the proportion of 2:1 with ex-bonus date as October 26, 2000.

2 Analysts Recommend Buy: According to KKunal V Parar, VP of Technical Research at Choice Broking, Tata Communication stock gave a breakout of its Upper Band of Triangle formation. Investors can buy Tata Communications Share for a target price of Rs 2100 in the short to medium term and maintain the stop loss below Rs 1670.
Meanwhile, Religare Broking has also suggested buy call for Tata Communication share with target price of Rs 2045 per share. According to the analyst, "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." The brokerage has recommended to keep the stop loss at Rs 1835 per share.

About: Tata Communications is a digital ecosystem enabler that powers today's fast-growing digital economy. The Company enables the digital transformation of enterprises globally, including 300 of the Fortune 500 - unlocking opportunities for businesses by enabling borderless growth, boosting product innovation and customer experience, improving productivity and efficiency, building agility and managing risk, according to its official website.

Disclaimer: The stock has been picked from the brokerage report of Motilal Oswal. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.