Opportunity to make a profit: Record date of buyback of TCS, February 23, will buy back shares worth 18 thousand crores

Posted on 14th Feb 2022 by rohit kumar

Tata Consultancy Services (TCS) has a fixed record date for the buyback of shares. This will be considered as February 23. That is, on this date, you will have its share, then you can sell it in the buyback. The company's board had approved it on January 12.

 

Shares up despite heavy fall in the market today

 

Today, this stock is trading up despite the huge fall in the stock market. This is the company's fourth and biggest buyback program in five years. If you hold Tata Consultancy Services (TCS) share then you can earn up to 20% profit in the next 3 months. For this, you must have 44 stocks of this company.

 

The company will buy back the shares

 

TCS had announced to buy back its shares from investors at the time of results last month. The company will take it back for Rs 4,500. Whereas its price is currently Rs 3,760 per share. This means that you will get a profit of about Rs 740 on every share.

 

Will buy shares worth Rs 18 thousand crore

 

The company said that it will buy shares worth Rs 18,000 crore. That is, more than 4 crore stocks will be withdrawn. In this, 60 lakh shares, or 15% will be taken from retail investors. Retail investor means those investors, who will have shares of less than 2 lakh rupees.

 

This will be the profit on 44 shares

 

Now let's see the mathematics of its benefits. Suppose you have 44 shares of a company and their value is Rs 1.67 lakh. If you give back 15 stocks to the company out of this, you will get a payout of around Rs 67,500. Whereas from the current price, the paise of 15 stocks is Rs 56,970. In this way, you will get a profit of Rs 10,530, which will be 6.80%.

 

second math looks like this

 

Now let's look at the second math. If you give 28 out of 44 shares to the company, then its total value will be Rs 1.26 lakh. Whereas at today's price you will have to invest a total of Rs 106,344. That is, you will get the benefit of Rs 19,656 which can be 12.80%.

 

Gain of Rs 30,888 on entire shares

 

Similarly, if you give the entire 44 shares to the company, then you will get a total of Rs 1.98 lakh. Whereas if you buy the same stock, then you will have to pay Rs 167,112 lakh for this. That is, you will get a benefit of Rs 30,888 thousand which can be 20.30%.

 

20% profit in three months

 

In this way, you can get 20% profit from this stock in three months and it is sure as the company has already fixed the price of the shares at the time of the first buyback. However, on Monday, the stock was priced at Rs 3,737. If you had bought it on that day, you could have made more profit.

 

largest company

 

TCS is the largest IT company in the country. It comes second in the world. Its market cap is Rs 14.05 lakh crore. On Tuesday, a jump of 1.5 percent was seen in its price. The company has been a consistent profit maker and also buys back the shares.

 

The company had earlier brought a buyback in December 2020. It had buyback shares worth Rs 16,000 crore. At that time its market cap crossed Rs 10.87 lakh crore for the first time.