TCS Q4 results, dividend today after 3.30 pm: Analyst views, share price targets & more

Tata Consultancy Services (TCS), India's largest information technology (IT) services company, announced its financial results for the fourth quarter (Q4) ended March 31, 2023. The company reported robust performance with a record revenue of INR 1,25,575 crore ($15.6 billion) for the quarter, representing a year-over-year (YoY) growth of 22.2%.

In terms of dividends, TCS paid a total of INR 27 per share in the form of a special dividend and an interim dividend during the quarter. The special dividend amounted to INR 18 per share, while the interim dividend was INR 9 per share. This brings the total dividend paid by the company so far in the financial year 2023-24 (FY24) to INR 45 per share.

The special dividend was in line with the expectations of many analysts who had predicted a payout in the range of INR 15-20 per share. The interim dividend was slightly lower than the consensus estimate of INR 10-12 per share.

Analysts' Views:

Brokerage firms have generally maintained their positive stance on TCS post the Q4 results. Here are some key analysts' views:

* Motilal Oswal: Maintained 'Buy' rating with a target price of INR 3,750

* Kotak Securities: Maintained 'Buy' rating with a target price of INR 3,750

* HDFC Securities: Maintained 'Buy' rating with a target price of INR 3,750

* ICICI Securities: Maintained 'Buy' rating with a target price of INR 3,750

Share Price Targets:

Post the Q4 results announcement, TCS shares closed at INR 3,565 on March 31, 2023. The average target price suggested by the above-mentioned brokerage firms is INR 3,750, indicating a potential upside of around 5.5% from the current market price.

It is important to note that these target prices are not guaranteed and are subject to change based on market conditions and other factors. Investors are advised to consult their financial advisors before making any investment decisions.

Overall, the strong financial performance and the dividend payout have reinforced TCS' position as a preferred stock among investors in the IT sector. The company's focus on digital transformation initiatives, strategic acquisitions, and robust client relationships are expected to drive growth in the coming quarters.