TCS Shares Decline Ahead of Dividend Cut-Off and Quarterly Earnings

Tata Consultancy Services (TCS) shares were in focus on January 14, the effective cut-off date to qualify for a combined interim and special dividend totaling Rs 57 per share, payable on February 3, 2026. Despite this, TCS shares experienced a sharp early trade decline of around 1.8%, erasing over Rs 20,000 crore in market value. Market experts attribute the fall to profit booking ahead of the upcoming quarterly earnings, while the company reported a 14% year-on-year net profit decline in the December quarter.