TCS buyback 2023: Expected price, history, other details. Is Infosys, Wipro, HCL Tech buyback coming soon?

livemint.com:

TCS buyback 2023: Indian IT major Tata Consultancy Services (TCS) is going to declare its Q2 results 2023 today. However, market would be eagerly awaiting about the outcome of its board meeting in regard to buyback of shares as IT behemoth has declared that its board of directors would consider and approve share buyback in its boar meeting scheduled on 11th October 2023.

As per the market expectations, TCS buyback price can be around ₹4300 to ₹4500 per share and TCS buyback size could be around ₹18,000 crore when the Tata group company announces its fifth share buyback in last six years. Speaking on TCS buyback 2023, Avinash Gorakshkar, Head of Research at Profitmart Securities said, “Q2 results 2023 season is going to start from today with TCS board discussing and approve the Q2FY24 results of the company.

However, market is vigilant about the buyback of shares that the Indian IT major would be announcing today. As per my expectations, TCS buyback size would be around ₹18,000 crore and TCS buyback price can be around ₹4,300 per share to ₹4,500 per share." "Exciting news! Mint is now on WhatsApp Channels