By Admin 
Tcs buyback plan: Regarding Tata Consultancy Services i.e. TCS, Hong Kong’s brokerage firm believes that it can buyback. Brokerage firm CLSA says that TCS, like infosys amid weak demand, can also announce a buyback by taking such steps to increase confidence among investors.
Significantly, this kind of announcement has been made recently by Infosys. However, before that, a buyback was done by TCS in December 2023.
TCS on Infosys’s move
The Hong Kong brokerage firm CLSA says that TCS can adopt a tender offer of Rs 20,000 crore instead of paying dividends during the third quarter of the current financial year 2026.
TCS shares are now seen in the stock market. Global brokerage firm CLSA says that after the announcement of Infosys’ Stock Buyback proposal, there is pressure on TCS to maintain confidence amid the weak environment. The special thing is that the meeting of the board of Infosys is to be held today i.e. on September 11, in which a decision will be taken regarding the buyback. If this decision is approved, then it will be the fifth buyback of Infosys in the last eight years.
Also read: Adani Power gets 1600 MW heat power project contract, 5th big power supply order in 12 months
Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)