TCS stock ends higher ahead of Q3 earnings on January 12, to consider share buyback plans

10 Jan 2022 , 03:45 PM

IT-giant Tata Consultancy Services (TCS) stock was on the positive tone on Monday ahead of its financial performance scheduled later this week. Investors were upbeat as the company announced a proposal for share buyback.

The share buyback plans will be considered and seek approval from the board of directors on January 12, 2022.

In its regulatory filing, on January 07, TCS said that “the Board of Directors will consider a proposal for buyback of equity shares of the Company, at its meeting to be held on January 12, 2022.”

The company will also announce its December 2021 (Q3FY22) quarter earnings on January 12.

On Sensex, TCS closed at Rs3881 per piece up by Rs26.15 or 0.7%.

The stock has hit an intraday high of Rs3979.90 per piece in the early trade which was near the 52-week high of Rs3,990 per piece on Sensex.