TCS share price hits 52-week high on buyback of shares. Experts see more rise
TCS share price: After announcement of proposal for buyback of shares on 11th October 2023 board meeting, shares of Tata Consultancy Services (TCS) witnessed strong buying interest during morning deals on Monday. TCS share price today opened upside and went on to hit intraday high of ₹3,679 per share on NSE, which is its new 52-week high as well.
According to stock market experts, this rally in TCS shares can be attributed to the recent exchange filing of the Indian It ginat. In its exchange filing last week, the Indian IT major had informed Dalal Street bourses that its board of directors is going to consider and approve buyback of shares in its board meeting scheduled on 11th October 2023.
They said that TCS share price is looking bullish on chart pattern and it may go up to ₹3,800 per share levels in near term. "Exciting news! Mint is now on WhatsApp Channels
. Read more on livemint.com
