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HCL and TCS both had margin miss last quarter and HCL quarterly growth rate is higher than TCS, But still market punished HCL badly for margin miss (down 7% today) but TCS escaped unscathed. The reason is not difficult to comprehend .........Buyback which was strategically announced only few days before the result declaration.

One can expect significant price reduction post record date which should not be a problem for long term investors. I also believe that record date may be delayed deliberately by TCS management to support the stock with Buyback.

Entering into the stock just for buyback has its own issues and each one of us should take call based on their own risk profile rather than following the herd.

I believe that stock will oscillate within wider range of 3800 to 4200 before the record date.

Sir,,
a) It may be..
b) every company has its own peculiar trick
c) True
d) Possible.. even in that (undesirable) case there is something to gain.

Even without war, the TCS stock was destined to underperform its peers like Infosys & HCL Tech in the short to mid terms because of the relative business under-performance for last few quarters. News of buyback has been supporting the price so far and then the war started.

Blind buying for any corporate action doesn't work always and the new investors will do better if they are aware of the risks before following the herd and nurturing "un-realistic expectation of guaranteed gains without having any knowledge and skills." Now most of the folks will not have any options but hold and keep the money blocked for longer term or book loss & exit from the left over stocks after buyback tendering.