Investors should keep an eye on this IT stock as the special dividend payment of 6,700 per cent approaches!

Net sales were Rs 9806 crore in Q2FY22 and increased by 10.98 per cent to Rs 10883 crore in Q3FY23.

TCS Ltd shares increased 1.30 percent today from their previous closing price of Rs. 3286.20 to Rs. 3328.85 a share. The shares' high and low for the day were Rs 3349 and Rs 3272, respectively. The stock has a 52-week high of Rs 4,045.50 and a 52-week low of Rs 2,926.  

Recently, the company declared its interim dividend and a special dividend of 800 per cent and 6,700 per cent respectively. The corporation verified that the record date for both the dividend pay-out is January 17, 2023. That means as of the record date, shareholders will get Rs 8 per share as an interim dividend and Rs 67 per share as a special dividend.  

Tata Consultancy Services (TCS) Ltd is the flagship company and a part of Tata group. It is an IT services, consulting and business solutions organization. TCS offers a consulting-led, cognitive-powered, integrated portfolio of business, technology and engineering services and solutions.   

In terms of the company's most recent financial results, net sales increased by 19.11 per cent in Q3FY23 compared to Q3FY22. In comparison to Q3FY22, operating profit increased by 9.8 percent in Q3FY23. Net sales were Rs 9806 crore in Q2FY22 and increased by 10.98 per cent to Rs 10883 crore in Q3FY23. TCS shares have a PE of 30.75 per cent and an ROE of 46.29 per cent.  

Investors should keep an eye on this stock.