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Bloomberg Quint
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Tata Technologies Share Price Declines As Stocks Turn Ex-Dividend
- Tata Technologies' share price declined by 2.27% as stocks traded ex-dividend following announcements of final and special dividends.
- The company declared a total dividend of Rs 11.70 per equity share for the fiscal year ended March 31, 2025.
- The record date for the dividend was set on June 16, 2025, determining eligible shareholders.
- Investors needed to purchase shares one day before the record date as per T+1 settlement procedure to receive the dividend.
- Tata Technologies' stock price dropped to Rs 736.40 apiece, later trading 2.13% lower at Rs 737.45 apiece.
- The stock has fallen by 28.38% over the last year with trading volume at 0.19 times the 30-day average.
- Analysts tracking the company have varying opinions, with three 'buy', two 'hold', and 12 'sell' recommendations.
- The average 12-month consensus price target suggests a downside of 17.2%.
- The NSE Nifty 50 Index rose by 0.15% while Tata Technologies shares were down.
- Tata Technologies' stock performance reflects a negative sentiment in the market following the ex-dividend trading.
- The company's dividend announcements impact stock prices and investor decisions.
- Market analysts' recommendations and the stock's relative strength index provide insights into investor sentiment and future price movements.
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