Tata Consultancy Services (TCS)

#1
Hi,

I have been holding this stock with an avg of Rs 125/- after adjusting bonus. Please suggest what should i do? Add more, sell or hold?
 

Alchemist

Administrator
Staff member
#3
Hi,

I have been holding this stock with an avg of Rs 125/- after adjusting bonus. Please suggest what should i do? Add more, sell or hold?
I am not really sure how you arrived at the price of 125, but TCS has only given bonus twice - 2006 and 2009.

IPO holders have an average price of 212.5.

Even after adjusting historical data for bonuses, TCS has never traded below 200 and so no one could have an average price of less than 200.
 
#4
Hi Sachin,

I had got the TCS right from the IPO time. I had sell few of the original share after I received the Bonus 1st time and booked the profit. Thus just now my cost is Rs 125.
 
#6
Tata Consultancy Services - TCS

The board of India's IT major Tata Consultancy Services on Friday approved a Rs 16,000 crore share buyback plan, in an attempt to distribute available cash among its shareholders. The company will buy back some 7.6 crore shares under the scheme at a price of Rs 2,100 per share. More here
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Any suggestions, is it good time to buy or wait for record date? Also, for retail is the limit of 2 lakhs will apply here, as it was in the case of Infosys buyback.
 

Alchemist

Administrator
Staff member
#7
As far as I know, the buyback back rules are same as they were at the time of Infosys buyback.

I suggest waiting for now and buying just a few days (7-10 days) before the record date.
 
#8
Tata Consultancy Ltd

Can anybody opine about the prospect of 100% of retail holding for buyback this time. I understand in previous buyback of TCS, all retail holders who applied, were eligible for 100% buyback-although number of optees were about 50%.
 
#11
Reference: SP-TATA Sons Exit / Buyback (TCS Q2-FY2021)

When the SP group decided to exit from TATA Sons - analysts commented the event to be negative for TCS, TCS being the cash cow here.

But TCS shares has been rising since. Specially this TCS buyback (along with results) seems to be pushing the share price even higher. And this kind of makes sense as TATA Sons is getting the cash it needs right now and will benefit in the longer team anyway from a stronger TCS , being the largest stakeholder.

Can Alchemist or anyone please help me with below

1. Were the analysts wrong in initially commenting that SP exit would be negative for TCS, or TATA Sons found a smarter way? I am failing to understand.

2. This Rs. 3000 buyback will push the price higher towards 3000 in coming weeks? Obviously not, else everyone would be buying now. Why not?

I got some OPT-TCS-29-Oct-2020-2600-PE yesterday, and thinking to hold them at least another week.
 
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