TCS rose 1.54% to Rs 1,808.45 at 9:44 IST on BSE after the company said that its board of directors will meet on 15 June 2018 to consider a proposal for buyback of equity shares of the company.
The announcement was made after market hours yesterday, 12 June 2018.Meanwhile, the S&P BSE Sensex was up 60.45 points, or 0.17% to 35,752.97.
On the BSE, 1.01 lakh shares were traded in the counter so far compared with average daily volumes of 1.81 lakh shares in the past two weeks. The stock had hit a high of Rs 1,830 and a low of Rs 1,800 so far during the day. The stock hit a record high of Rs 1,837 on 25 May 2018. The stock hit a 52-week low of Rs 1,162.50 on 29 June 2017.
On a consolidated basis, TCS' net profit rose 5.81% to Rs 6925 crore on 3.79% increase in net sales to Rs 32075 crore in Q4 March 2018 over Q3 December 2017.
TCS is an IT services, consulting and business solutions organisation.
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