Infosys Share Price: IT stock jumps 3% on buyback proposal; should you BUY, SELL or HOLD?

Share Price: Infosys share price gained over 3% after the second largest domestic IT services player, will consider a proposal for buyback of shares on September 11. The Bengaluru-based company follows a policy of returning around 85% of its free cash flow over a five-year period through a mix of semi-annual dividends, share buybacks, and special dividends, subject to applicable regulations and necessary approvals. Free cash flow is defined as net cash provided by operating activities less capital expenditures, as indicated by the consolidated statement of cash flows under IFRS.