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Deal▲ Bullish for TCI
TCI shares jump nearly 15% as board to consider share buyback proposal
The brief
- Board will meet on September 29 to consider a share buyback proposal
- TCI shares jumped nearly 15%
- A buyback proposal may support TCI shareholders if approved
| Stock | Traded | That day | vs Nifty | Volume | Since |
|---|---|---|---|---|---|
| TCI | Fri, 25 Sept | +6.0% | +5.7% | 218× | +6.0% · Nifty +0.3% |
✓ Classifier read this as positive; TCI rose 5.7% against the Nifty on the day it traded.
TCI buyback proposal
Transport Corporation of India shares rose as much as 14%–15% after the company said its board would consider a share buyback proposal on September 29.
Friday, 25 September
- TCI shares jump nearly 15% as board to consider share buyback proposal