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Tech Mahindra stock rises after board approves Rs 1,956-crore buyback of shares

1q Tech Mahindra share price rose in trade today after the IT firm announced a Rs 1,956-crore buyback of its shares at Rs 950 apiece, a 14.59 per cent premium over current trading price. Tech Mahindra share price rose 3.49% to 840.10 level compared to the previous close of 811.75 on the BSE. Tech Mahindra share opened at 814 level on BSE today. Turnover for Tech Mahindra share rose to Rs 40.45 crore with 4.89 lakh shares changing hands on the BSE.

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