TCS BUYBACK NEWS
TCS buyback begins: Should you tender shares in Rs 17,000-crore offer?
While the buyback entitlement for small investors, as defined by those with investments up to Rs 2 lakh, was fixed at 17%, the final acceptance ratio is expected to be around 30-35% in the category as not all shareholders participate in the buyback. The acceptance ratio has been 100% during the previous buybacks in 2017, 2018, and 2020. However, the acceptance ratio was around 24% during the last buyback in 2022.
TCS announces share buyback dates, retail entitlement fixed at 17%
The buyback will remain open for tendering till December 7. For small shareholders, as defined by those with investments less than Rs 2 lakh, the entitlement ratio has been fixed at 1 equity share for every 6 shares held on the record date (i.e. November 25). The ratio comes to about 17%.
TCS buyback: Rs 17,000-crore offer can generate double-digit returns in short term
At a board meeting last month, India's largest software services exporter had approved a proposal to buyback up to 4,09,63,855 equity shares of the company for Rs 17,000 crore, representing 1.12% of the total paid-up equity share capital, at Rs 4,150 per share.
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TCS announces Rs 17,000 crore-share buyback scheme
Following a board meeting to consider its Q2 results, TCS said the board has approved a proposal to buyback 4.09 crore shares for an aggregate amount not exceeding Rs 17,000 crore, representing 1.12% of the total paid-up equity share capital of the company.
TCS Q2 Results Today: Share buyback, 5 other monitorables for Dalal Street & trading strategy
For the September quarter, which is traditionally strong for the sector, TCS is seen reporting a mere 1.4% sequential growth in consolidated revenue to Rs 60,218 crore, according to the average of estimates by eight brokerage firms. But on a year-on-year (YoY) basis, the topline is seen rising nearly 9%. Consolidated net profit is seen rising 3% sequentially and over 9% YoY to Rs 11,404 crore in the quarter, the estimates showed.
TCS Q2 earnings today: Profit, revenue to grow in single-digits in seasonally strong quarter; buyback announcement eyed
TCS Q2 Preview: Tata Consultancy Services (TCS) is expected to report modest growth in its second-quarter earnings, with a 1.4% sequential increase in consolidated revenue and a 3% sequential rise in net profit. Analysts anticipate deal momentum for TCS to continue, despite a slowdown in discretionary spending on IT services. The company is also set to consider a share buyback plan, which has already boosted its stock price. Investors will be closely monitoring TCS's outlook for key business verticals, margin trajectory, and capital allocation policy.
Breaking down IT's earnings season and buyback bonanza
“The challenges which the IT companies had still continue. They have worked very hard to ensure the cost escalation does not happen. They have also worked towards gaining large orders.”
TCS board to consider share buyback on October 11
Alongside the share buyback proposal, the board will also consider and approve the earnings for the quarter and the six months ended September.
TCS could announce a share buyback along with Q1 results
Tata Consultancy Services (TCS), an IT major, is expected to announce a share buyback proposal along with its quarterly results, according to Jefferies. TCS had previously announced a buyback worth Rs 18,000 crore in 2020. Other IT companies such as Wipro are also engaging in share buybacks. Jefferies predicts that IT companies may report a decline in revenue and margins due to wage hikes. Motilal Oswal expects a modest YoY growth in revenue and a drop in profit for the June quarter. IT companies have been cautious in their guidance amid a challenging global environment.
Infosys share buyback plan: Will it be a boon or bane for stock performance?
Infosys had spent between Rs 8,000-9,000 crores in the last two share buybacks, and some analysts feel that the buyback size this time could be bigger. According to IIFL Securities, the IT major could announce a buyback size of Rs 11,000-12,000 crores.
TCS buyback offer: Acceptance ratio at 26%, lower than expected
For every 50 shares, the company will accept 13 shares, ET Now said. The lower acceptance ratio is because more people tendered their shares that the market was expecting.
TCS' Rs 18,000 crore buyback offer subscribed 7.5 times
Analysts said there was a spike in shareholder participation in the buyback following the weakening of the share price. The stock had fallen as much as 15% from its 52-week high of ₹4,045.50 on January 18. It has, however, recovered some of its losses.
TCS share buyback opens today; stock up 1%
The IT major had scheduled its mega buyback of equity shares worth Rs 18,000 crore to open on March 9, where the company will continue accepting shares till March 23.
TCS share buyback to begin on March 9: All you need to know
TCS plans to buy back 4 crore shares at Rs 4,500 per share, which is at 28 per cent premium to Friday's closing price.
TCS buyback: Is it a no-brainer trading opportunity?
On January 12, the board of Tata Consultancy Services had approved a buyback of 4 crore shares or 1.1 per cent of its equity at a price of Rs 4,500 per share.
TCS slumps 2% ahead of Rs 18,000 crore share buyback
Trading in TCS shares started on a positive note on Monday. However, the scrip slipped into the red in tandem with the benchmark indices.
TCS adds 2% as co fixes record date for buyback; should you buy shares now?
The IT sector giant had announced buyback of up to 4 crore equity shares spending Rs 18,000 crore. About 15 per cent of the offer is reserved for retail shareholders
TCS Q3 results: Profit rises 12% YoY; firm announces Rs 18,000 cr buyback
TCS announced a third interim dividend of Rs 7 per share.
TCS board to consider share buyback on Jan 12
Last year, TCS had bought back shares for ₹16,000 crore in which group holding firm Tata Sons rendered shares worth around ₹10,000 crore.
TCS board to consider buyback proposal on Jan 12
The Board is scheduled to meet on January 12 to approve and take on record the financial results of the company for the third quarter and nine months ending December 31, 2021.
Wipro sets opening date for Rs 9,500-crore share buyback offer
Wipro's shareholders have approved its proposal to buy back up to 23.75 crore equity shares, equivalent to 4.16% stake in the company, at Rs 400 per share, for up to Rs 9,500 crore.
TCS to consider share buyback on Wednesday: What analysts say
Kotak Institutional Equities has pegged the buyback size anywhere in the Rs 8,900-22,000 crore range, which is 0.8-2.2 per cent of the prevailing market capitalisation of the stock. TCS had cash reserves of Rs 73,993 crore in March 2020.
TCS to consider buyback on October 7
TCS is the first technology company to consider a buyback of its shares in the current fiscal. The company had cash reserves of Rs 73,993 crore in March 2020.
TCS board clears Rs 16,000 crore share buyback at Rs 2,100, 15% premium to current price
TCS shares surged post announcement, m-cap back at Rs 7 lakh crore.
Good or bad? Top five reasons why companies go for share buyback
At times when the company feels the shares are undervalued, a share buyback is used to pump up the stock price, which acts like a support for the stock.
I would sell TCS at this price but hold on to Infosys: Sandip Agarwal, Edelweiss
For a long-term holder, TCS and Infosys is a good bet but from a one year or six months perspective, there is some uncertainty as well, says Agarwal.
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