From TCS to Tata Elxsi: 5 Tata group firms have announced dividends; should you buy, sell or hold the stocks?

Tata group dividend paying stock: As the corporate earnings season is going on, a few Tata group firms have announced dividends along with its Q4 results. Find below the details of the payout as well as the brokerages' call on the counter: 

TCS dividend 2024

IT bellwether Tata Consultancy Services' (TCS) has announced a final dividend of Rs 28 per equity share of face value of Re 1 for the financial year ending March 31, 2024. The final dividend is subject to the approval of the shareholders of the company at the IT firm's 29th Annual General Meeting (AGM).

Tata Elxsi dividend 2024

Tata group company Tata Elxsi on Tuesday announced a dividend of Rs 70 per share. The dividend is subject to shareholders' approval and subject to taxes, the Tata group design and technology services company said in its filing dated April 23.  

The company said that the dividend for the financial year 2023-24 will be paid or dispatched on or after the seventh day from the conclusion of the company's 35th AGM. 

Morgan Stanley has maintained an underweight rating on Tata Elxsi with a reduced target of Rs 6,860 from Rs 7,300. JP Morgan too has maintained an underweight rating on Tata Elxsi with a trimmed target of Rs 5,800 from Rs 6,000.

Tata Communications dividend 2024

The board of Tata Communications, the telecommunications company of the Tata group has recommended a final dividend of Rs 16.70 per equity share of face value of Re 10 for the financial year ending March 31, 2024.

"This dividend, upon approval of the shareholders at the ensuing AGM, shall be paid to eligible shareholders after its conclusion," the company said in it filing dated April 17.

Tata Consumer Products dividend 2024

Tata Consumer Products has declared a final dividend of Rs 7.75/- per equity share of Re 1 each for the financial year 2023-24. 

The dividend, if approved by the members at the ensuing 61st AGM, will be paid/dispatched (subject to deduction of tax at source) after the AGM and within 30 days of its declaration. 

Morgan Stanley has maintained an overweight rating on the counter with a target of Rs 1,305. 

Indian Hotels dividend 2024

The hotel sector company has declared a dividend of Rs 1.75/share in the Q4 results, the dividend is subject to the approval of the Members at the forthcoming AGM.

Morgan Stanley has maintained an overweight rating on Indian Hotels with a target of Rs 529.

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