INSUBCONTINENT EXCLUSIVE:
TCS share price hit a 52-week high of Rs 1,870.70 on Monday.
Tata Consultancy Services (TCS) share price hit a 52-week high on Monday, after the company announced a share buyback worth
In afternoon deals, however, TCS share price was flat at Rs 1,840.60 apiece on the Bombay Stock Exchange (BSE)
On the National Stock Exchange, TCS shares traded at Rs 1,839.90, with a loss of 0.01 per cent
During market hours on Friday, TCS had announced that it would buy back shares worth Rs 16,000 crore or 1.99 per cent equity share capital
from investors.TCS shares opened at Rs 1,869 apiece on Monday
In intra-day trade, TCS shares hit a 52-week high of Rs 1,870.70 on the BSE
On Friday, the share buyback announcement had sent the shares surging to Rs 1,841.45, 2.75 per cent higher from its previous close on
Thursday.Shares in TCS had ended higher on Friday as the first to close with a market capitalisation of over Rs 7 lakh crore
In a stock market filing, the company had said that it will carry out the share buyback at Rs
Earlier, TCS had resorted to buy back 5.61 crore shares in April 2017 for Rs
2,850 per share.Meanwhile, at 1:19 pm, the SP BSE Sensex traded at 35,555.54, down 66.60 points or 0.19 per cent while the NSE's Nifty50
profit of Rs 6,904 crore as against Rs 6,531 crore in the previous quarter
For the financial year 2017-18, the IT major registered a net profit of Rs 25,241 crore.
