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Rupee at its record low – Stocks that should be on your radar

Depreciating more than 11.5% in the current year, Indian rupee today hit its historic low of 71.37 against USD. The rupee devaluation gives a positive trigger to companies having majority of their revenue from exports like IT Technology and Pharma. Among IT stocks that should be on your radar are TCS, Infosys, HCL Technologies, Mindtree, …

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TCS (Tata Consultancy Service Ltd) Share Buyback

Tata Consultancy Services Ltd (TCS), India?s largest information technology services provider, at its meeting held on June 15, 2018 announced a mega Rs 16,000 crore buyback. The company would repurchase up to 76 million (76,190,476) Equity Shares of the Company for an aggregate amount not exceeding Rs 16,000 crore, at Rs. 2,100 per Equity Share. …

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