All you must know about TCS' Rs 16,000 cr buyback; A smallcap that rallied 11,800% in 9 years

ET Markets Daily Brief | Mon, Feb 20, 2017 | 04:27 PM IST Follow ET Markets Co-sponsor Associate Sponsors

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TCS board approves Rs 16,000 crore buyback at Rs 2,850/share In a filing to BSE the company said the board members have approved buyback of 5,61,40,351 equity shares for an aggregate amount not exceeding Rs 16,000 crore. Gem of a smallcap! Up 11,800% in 9 years; this stock still has a lot of steam The stock is driven by robust fundamentals. Imagine you had bought this stock in 2008! An investment of Rs 10,000 could become over Rs 3 crore now. Dalal Street captains do not find Buffett's Berkshire hot enough; here's why Raamdeo Agrawal, MD & Co-Founder of Motilal Oswal AMC, recently sold all his Berkshire Hathaway shares, because he thought "they can't give him enough returns."

Interview One to One We are at the cusp of a bull market led by earnings as well as PE and UTI MF is positioned towards this cyclical reco... Lalit Nambiar , UTI MF

Advertorial Why term insurance is important to cover all home loan risks It's important to cover home loan liability and not let the burden fall on family members in case of an eventuality. Here's a look at all the major risks and how to cover them effectively.

Advertorial Union Budget 2017 - Impact on Real Estate in India For his Budget 2017-18 announcements, Arun Jaitley, the Finance Minister, has been given a big thumbs-up by the Indian real estate sector.

Market Watch 20 Feb | 04:27PM| SENSEX NIFTY USD/INR GOLD 28661.58 ↑192.83 8879.20 ↑57.50 29242.00 ↓-118.00

Gainers Losers 20 Feb, 2017, 04:27PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low

Tweet of the day... 10 midcaps creating buzz after strong Q3 performance

FROM THE NEWSPAPER

BLOG: Look who moved the market all through Monday In the absence of strong cues on either direction, the market appears to be readying for directionless trading in a truncated expiry week. But expect plenty of stock-specific action through the day. Indian cos turn a blind eye to hedging risks amid RBI's efforts to stabilise rupee The unhedged foreign-exchange exposure of local corporates and investors combined rose $78 billion between Apr 2014 and Sept 2016, calculations show. Why are marquee investors flocking back to India? "Overseas investors are again turning bullish on Indian debt securities," said Ajay Manglunia, executive VP (fixed income), at Mumbai-based Edelweiss Finance. Finance Ministry kickstarts listing process of IRCTC, IRFC and IRCON "The shares of Railway public sector enterprises (PSEs) like IRCTC, IRFC and IRCON will be listed in the stock exchanges," Jaitley had said in his speech. Marksans Pharma surges 20% after successful inspection of Goa plant by UK health regulator On the BSE, 91.53 lakh shares were traded on the counter so far as against the average daily volumes of 6.58 lakh shares in the past two weeks.

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