When is TCS planning to announce its buyback and how much amount would it be?

TCS will consider a buyback proposal as part of its board meeting scheduled on 12th January, when the company also plans to announce its quarterly results. However, no other details were made public at this juncture. The stock is up nearly 24% in the last one year. The buyback decision will be take along with the results announcement and the interim dividend announcement.

While TCS does not give guidance on revenues or on margins, markets are already factoring in solid growth on the stock. The buyback is a more effective method of rewarding shareholders as compared to dividends that are not too tax friendly. TCS is one of the cash rich companies and like the age old Buffet principles, it has preferred to pay out to shareholders via buybacks to enhance value.