TCS gains 3%, nears record high as board to consider buyback on Wednesday

The stock was up 3% at Rs 3,979.90, trading close to its record high level of Rs 3,990 touched on October 8, 2021.

Shares of Tata Consultancy Services (TCS) jumped w3 per cent to Rs 3,979.90 on the BSE in Monday’s intra-day trade after the India's largest information technology (IT) firm said its board will consider a buyback proposal on Wednesday, January 12, 2022. The stock traded close to its record high level of Rs 3,990 touched on October 8, 2021.

The board of TCS was initailly 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.

In the past one month,