TCS buyback: IT major trades ex-date; stock down 1%
TCS shares declined 1.2% to hit a low of ₹3,468 as the stock turned ex-date for share buyback today.
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TCS announces ₹17,000 cr buyback; shares dip 1% post Q2
TCS will acquire a total of 4,09,63,855 shares at a 13% premium over Wednesday's market closing price of ₹3,613
TCS shares rise 1% ahead of Q2; here’s what to expect from IT major
TCS is expected to post constant currency revenue growth of 1% with 20 bps cross currency headwinds translating into 0.8% QoQ dollar revenue growth.
Is TCS a buy after Q1? Here’s what brokerages say
While ICICI Securities retained its ‘Buy’ stance on TCS shares, Axis Securities and Jefferies assigned ‘Hold’; Nomura and Morgan Stanley gave ‘Reduce’ and ‘Equal Weight’ ratings, respectively.
TCS denies involvement of key managerial person in recruitment scam; stock falls 1%
In a clarification to exchanges, TCS said that no key managerial person of the company has been found to be involved in the alleged recruitment scam.
TCS shares rise on signing £840 mn contract with U.K.’s Nest
The total maximum estimated value of the contract will be 1.5 billion pound, if the deal extended to the entirety of its 18-year tenure, says TCS
TCS shares fall post Q4 results. Here’s what analysts say
Most analysts have kept ratings unchanged on TCS post Q4 results; the IT heavyweight has an average target of ₹3,694, an upside of 16% from the current market price.
TCS shares end lower ahead of Q4; key things to watch out for
Axis Securities expects TCS to report revenue growth of 2.5% QoQ, while its operating margins are likely to expand by 97 bps in Q4FY23.
TCS shares gain amid slew of positive developments
Canada-based aviation firm Bombardier has selected TCS to accelerate its digital transformation and drive innovation.
TCS shares fall 3% post Q3; should you buy, sell or hold the IT stock?
Most of global brokerage houses have maintained cautious stances on TCS shares post its December quarter results.
