IT companies are resorting to buybacks

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In order to gain the confidence of investors because of an uncertain future, offlate, IT companies are resorting to buybacks. In February this year, TCS board approved the decision on buyback of shares, while Infosys and Wipro, too, are likely to follow suit. In fact, Wipro has done buybacks in 2016 as high cash balances are a drag on overall return ratio.

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