India’s largest software exporter TCS said it will consider a share buyback at a board meeting next week.
“This potential buyback will give TCS shareholders a shot in the arm. It will help investor sentiments. This move will create pressure on Infosys to follow suit. But it is a short-term measure and might impact the companies’ plans for future acquisitions,” Sanchit Vir Gogia, Chief Analyst and CEO, Greyhound Research, said.