TCS announced today morning, much before the opening bell that at the Board meeting scheduled for 20^th Feb, they will consider buy back of shares.

Currently promoters hold 73.33% stake and it would be interesting to see if the promoters also decide to participate in this buy back.

Naturally, the market is very happy and the stock price rose intra day to Rs.2477.50, up over 2.5% over previous close. Its 52-week high is at Rs.2740.