Infosys Shares Jump 3% Ahead of Buyback Proposal on September 11

Infosys stock opened strong on September 9, rising more than 3% to Rs.1,481 per share. This rally ended a five-day losing streak and made Infosys the top gainer on both the Nifty IT index and benchmark indices, Sensex and Nifty.

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Buyback Proposal Details

The board will meet on September 11 to discuss the buyback of fully paid-up equity shares. If approved, this will be Infosys’ first buyback since 2022, when it repurchased shares worth Rs.9,300 crore at a minimum price of Rs.1,850 each.

IT Sector Impact

The Nifty IT index rose 1.7% to 34,892, supported by sharp gains in Infosys and Wipro. The news boosted overall sentiment in the IT sector, which has been struggling with global economic uncertainty.

Stock Performance Pressure

Despite today’s rise, Infosys shares have lost around 13% in the past six months and are down more than 21% in 2025 so far. Analysts say global headwinds, including US tariffs, have weighed heavily on technology stocks.

Expert Viewpoint

“This decision comes at a crucial time when technology stocks face headwinds. The buyback may provide much-needed support to investor confidence,” said Devarsh Vakil, Head of Prime Research at HDFC Securities.

Financial Performance

For Q1 FY26, Infosys reported an 8.7% year-on-year increase in consolidated net profit at Rs.6,921 crore, with revenue climbing 7.5% to Rs.42,279 crore. The company has guided for revenue growth of 1–3% for FY26, while maintaining an operating margin of 20–22%.

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