TCS Buyback: Shares to be bought back at Rs 4500, should you buy?

New Delhi. Approval has been given to the share buy back (TCS Buy Back) of Tata Consultancy Services / TCS for Rs 18000 crore. According to Rs 4500, there will be a buy back of the shares, which means it will be bought at a premium price of about 16 percent. The stock of TCS has always been one of the favorite stocks of investors. The company has given its earnings figures only yesterday, which is three percent more than the estimate. In such a situation, what do different brokerage houses keep on this stock, let us tell you.

Before that, let us tell you that the company has also announced a dividend of Rs 7 per share (TCS dividend), whose record date has been fixed as January 20, 2022 and the date of payment has been fixed as February 07, 2022. Let us tell you that this buyback is the biggest buyback of TCS so far.

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Target up to Rs 4600

GS has given Buy rating for TCS and has revised the target to Rs 4657. He says that the company’s results were predictable and its demand outlook is strong. It has also been estimated that there will be a strong demand for it in the year 2022 as well.

MS has given an overweight rating to TCS. For this the target has been fixed at Rs 4400. He says that its growth has been good. Its third quarter earnings have exceeded expectations. Apart from this, the expectations of strong growth in the year 2022 are being supported by the commentary from the management. The company has disappointed on the margin front, but it is nothing to worry about.

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Citi said – sell, target Rs 3580

Citi has a sell rating on TCS and has a target of Rs 3,580 for the stock. He says that overall the company’s results were as per the estimates. They have changed its EPS estimate to 0-1%. Margin absorption for FY23 has been fixed at 26%. Although buy back may support in the near term but selling pressure will remain.

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