News on the topic

Share market update: IT shares down; TCS slips 2%

Investors are sitting tight on the stock as brokerages do not expect any upbeat show from Infosys in view of its focus on growth against profitability. All eyes are on any revision in revenue growth guidance, a possible share buyback announcement and a ...
Friday, January 11, 2019

TCS share price today: TCS trades flat; check share buyback details ...

TCS share price today: The stock of TCS (Tata Consultancy Services) traded marginally higher in the mid-morning deals on Tuesday two days after India's largest IT company announced a share buyback of Rs 16,000 crore (TCS share buyback offer).
Monday, June 18, 2018

Intraday reports for Tata Consultancy Services Ltd.(TCS, 532540) Stock & Share ...

Tata Consultancy Services Ltd. opened at Rs. 1822.15 today after closing at Rs. 1829.00 yesterday. As compared to yesterday's opening price, today's opening price was observed to have decreased 45.8 points. Also, the previous day observed a day high of ...
Monday, June 18, 2018

Derivatives strategy on TCS buyback

At the same time if he sells one lot of TCS futures at Friday's closing price of Rs 1,845, the cost would be Rs 9.22 lakh. Assuming the acceptance ratio of buyback is 50 per cent, investors' profit by tendering 250 shares would be Rs 65,000. If the TCS ...
Monday, June 18, 2018

TCS share buyback shows absurdities of India's repurchase rules

Mumbai: Tata Consultancy Services Ltd (TCS) said last week that it would buy back roughly 2% of its shares at a 17% premium to prevailing prices. This should ideally have had almost no impact on the company's share price, given the small reduction in ...
Monday, June 18, 2018

TCS share buyback: Should you tender shares?

Given the prevailing price, a shareholder with a maximum of 108 shares -- amounting Rs 1.99 lakh -- will be considered as a retail investor. S/he would theoretically get 9 shares. But not all investors tender shares and so, the acceptance ratio could ...
Monday, June 18, 2018

Tata Consultancy Services (TCS) Share Price Hits 52-Week High

TCS share price hit a 52-week high of Rs 1,870.70 on Monday. Tata Consultancy Services (TCS) share price hit a 52-week high on Monday, after the company announced a share buyback worth Rs 16,000 crore. In afternoon deals, however, TCS share price ...
Monday, June 18, 2018

TCS falls 2% after stock price adjusts for bonus share issue

Country's largest IT services exporter Tata Consultancy Services share price fell nearly 2 percent after the stock adjusted for bonus share issue. The board of directors of the company, on April 19, had recommended bonus issue of equity shares in the ...
Thursday, May 31, 2018

Tata Consultancy Services shares turn ex-bonus

Shares of Tata Consultancy Services (TCS), the largest Indian IT firm by sales, turned ex-bonus on Thursday. The IT major announced a 1:1 bonus for its shareholders on its 50th anniversary. The scrip was trading 0.19 per cent down at new adjusted price ...
Thursday, May 31, 2018