TCS opportunity

TCS may announce buyback:
Expectation Rs 18,000-20,000 crore.
Offer Price: Rs 4300-4500
CMP: Rs 3620.20.
52-week high: Rs 3634.25
5th BB in 6 years

History of BB by TCS:

January 2022 – Rs 18,000 crore buyback at Rs 4500 per equity share.
December 2020 – Rs 16,000 crore buyback at Rs 3000 per equity share.
September 2018 – Rs 16,000 crore buyback at Rs 2100 per equity share.
May 2017 – Rs 16,000 crore buyback at Rs 2850 per equity share.

2017,2018 and 2020 has 100% acceptance ratio for retail whereas Jan 2022 was less.

Source: TCS Buyback History: Tata Consultancy Services’ 5th share repurchase in 6 years – Check last offer size, price | Markets News, ET Now

Disc: Invested