TCS share price: Experts unveil this strategy ahead of buyback, Q2 results announcement
TCS share price: Shares of Tata Consultancy Services (TCS) have been in uptrend since early morning deals. TCS shares price today opened upside and went on to hit intraday high of ₹3,650 apiece on NSE, logging near one per cent intraday gain in near one hour of stock market's opening bell.
As IT giant is going to declare buyback of shares today along with its Q2 results 2023, market experts are advising fresh investors to wait for the declaration of Q2FY24 resuls as market is expecting muted to flat quarterly numbers from the Indian IT major. TCS Q2 Results Preview: IT major to report muted earnings growth; share buyback in focus Stock market experts believes that TCS buyback is a strategic move to bring confidence among TCS shareholders as company wants to showcase confidence in its future outlook.
However, they advised fresh investors to buy TCS shares only when Q2 results 2023 are declared. They also advised investors to wait for the final declaration of share buyback and the premium at which TCS buyback price gets announced.
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