Why Singapore-Based BPO Company TDCX Shares Are Zooming Today
Portfolio Pulse from Lekha Gupta
Shares of TDCX Inc (NYSE:TDCX) surged over 30% following a preliminary non-binding acquisition offer from its CEO Laurent Junique at $6.60/share. The company formed a special committee to review the proposal. TDCX recently reported a revenue miss and lower adjusted EPS than expected. The company's cash position as of September 30 was $317.7 million.
January 03, 2024 | 12:49 pm
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TDCX Inc's stock jumped over 30% premarket due to a buyout offer from its CEO at $6.60 per share, despite recent earnings missing expectations.
The sharp increase in TDCX's share price is a direct reaction to the acquisition offer from its CEO, which is above the current premarket price. The market is likely optimistic about the potential buyout, despite the company's recent earnings miss, which could have a short-term positive impact on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100