TCS stock jumps over 5% after share buyback announcement
Shortpedia
Content Team
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Shares of Tata Consultancy Services jumped over 5 per cent after the company announced a mega-Rs 16,000 crore buyback plan at Rs 3,000 per equity share. TCS was the top gainer in the Sensex pack in early trade. The stock rose by 5 per cent to Rs 2,875 -- its one-year high -- on the BSE. On the NSE, it jumped 5.18 per cent to its 52-week high of Rs 2,877.90. "TCS impressed with revenue growth of 4.8% quarter-on-quarter.
