 "IT heavyweights surge past buyback price")
Investors in information technology (IT) stocks who tendered their equity shares in recent buyback offers have missed out on the current rally, as most of the stocks are trading higher as compared to their respective buyback price.
Tata Consultancy Services (TCS), Infosys, Wipro, HCL Technologies, Wipro, Mindtree and Danlaw Technologies have rallied by up to 45% from their buyback price. These seven IT companies had bought back equity shares worth around Rs 439 billion from their shareholders, including promoters.
Also Read: IT, Metal, Capital Goods, Realty outperform in Sensex's 3000-point rally
Also Read: IT, Metal, Capital Goods, Realty outperform in Sensex's 3000-point rally
Most companies had announced a buyback over the last
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