TCS buyback 2023: price, history, other details

Now it has been officially announced that Indian IT major Tata Consultancy Services (TCS) will officially declare Quarter 2 results 2023 on 11th October 2023, Wednesday which means today. Currently, the market is waiting for the outcome of the board meeting regarding the buyback of the shares because now the outcome has officially been planned that its board of directors is going to consider. Also, they are going to approve the share buyback in the board meeting. This is one of the biggest news in the market at this time. A lot of people are currently focusing on the quarter 2. Now to know everything about this topic read this article till the end.

TCS buyback 2023

According to the source, the board meeting has been scheduled for today. This meeting is going to be important. There are some expectations from the market right now as Tata Consultancy Services (TCS) will now go to a buyback price which could be approximately Rs. 4,300 to Rs. 4,500 per share and also the TCS buyback size can be approximately Rs. 18,000 crore if the Tata group company declare the fifth share buyback in last six years. Now a well-kneon personality has said something regarding the TCS buyback 2023. Scroll down to know.

A well-known personality Avinash Goraskashar has recently said something regarding the TCS buyback 2023. Many people don’t know who is Avinash Gorakashar, so he is the Head of Research at Profitmart Securities. He has stated that the Quarter 2 results 2023 season is now going to begin on 11th October 2023, Wednesday. The TCS board is going to discuss and approve the Q2FY24 results of the company. At this time the market is vigilant regarding the buyback of the shares which the Indian IT major going to announce today. Avinash said that he is expecting the TCS buyback size can be approximately Rs. 18,000 crore and the TCS buyback price could be approximately Rs. 4,300 per share to Rs. 4,500 per share.

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It is reported that TCS has bought back the shares in 2017, 2018, 2020, and 2022. As of May 2017, the TCS officially announced the buyback of the shares which are worth approximately Rs. 16,000 crores at a premium of 18%. If we look at August 2018 and November 2020, the Indian IT major declared the buyback of the shares which are worth approx Rs. 16,000 crore at the premium each at 18% and 10%. and last time which means in February 2022, the TCS declared the buyback of the shares at Rs. 18,000 crore at a premium of 17%. More information to be shared very soon.

Prakash Israni
Prakash Israni

Prakash, the content creator for Techballad, has built a solid reputation for himself over the course of more than ten years of blogging