TCS shares trade in red - Buy, Sell or Hold? Here's what brokerage suggests

TCS Share Price Target 2024, TCS Interim Dividend: Shares of Tata Consultancy Services (TCS) slipped in morning trade on Tuesday i.e. January 2, 2024. The stock fell around 0.44 per cent to trade at 3794 in early trade. 

The dip in share price came even as the company has announced that its board of directors will consider the announcement of a third interim dividend. The decision in this regard will be taken during the meeting which is scheduled for January 11. 

TCS Interim Dividend: Record Date

The tech giant has also fixed the record date for the third interim dividend, if declared. According to the filing, January 19, 2024, is the record date for this purpose.

Earlier to this, the company had paid an interim dividend of Rs 9. 

Here's the dividend history of TCS

TCS Share Price Target 2024

Meanwhile, brokerage firm Citi has maintained 'Sell' rating but has raised the target from Rs 3,170 to Rs 3,470. 

The tech major has also announced that it will declare its quarterly earnings for Q3 FY 2024 on January 11, 2024.