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TCS gains as board plans to consider share buyback

The stock was up 2.6% to Rs 2,478 on the BSE in early morning trade

TCS gains as board plans to consider share buyback
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SI Reporter Mumbai
Tata Consultancy Services (TCS) gained 2.6% to Rs 2,478 on the BSE in early morning trade after the company said its board will meet on Monday, February 20, 2017 to consider a proposal for buyback of equity shares of the company.

“The board of directors will consider a proposal for buyback of equity shares of the company at its meeting to be held on February 20, 2017,” TCS said in a regulatory filing.

The buyback, if approved in the board meeting, would be the company's first since its listing in 2004.

In past one year, the stock