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TCS in focus ahead of ex-date for share buyback; down 3% from day's high

TCS on January 12, 2022 had approved to buyback up to 40 million equity shares of face value of Rs 1 each at Rs 4,500 per equity share for an aggregate amount of upto Rs 18,000 crore.

Tata consultancy services, TCS
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Deepak Korgaonkar Mumbai
Shares of Tata Consultancy Services (TCS) are in focus in Monday’s trade ahead of ex-date for its share buyback tomorrow, February 22, 2022. The stock hit an intra-day low of Rs 3,705.80, falling 3 per cent from its intra-day high of Rs 3,812 on the BSE. It had opened 0.5 per cent higher at Rs 3,812 in an otherwise weak market.

At 11:57 am; TCS was trading 1.6 per cent lower at Rs 3,735, as compared to a 0.17 per cent decline in the S&P BSE Sensex. It has corrected 8 per cent from its 52-week high price of

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First Published: Feb 21 2022 | 11:44 AM IST

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