Infosys Surges 4% as Board to Consider First Buyback Since 2022 on September 11

Shares of Infosys rallied over 4% on September 9 to ₹1,494 apiece, after the IT giant announced that its board will meet on September 11 to consider a proposal for the buyback of fully paid-up equity shares. If approved, this would mark Infosys’ first buyback since 2022, when the company executed a ₹9,300 crore programme at a minimum price of ₹1,850 per share. The latest announcement, made after market hours on September 8, triggered strong buying interest, helping the stock snap a five-session losing streak. The rally also lifted the Nifty IT index by over 2% to 35,095, with Infosys and Wipro leading the gains. Infosys emerged as the top gainer on both the Sensex and Nifty. Despite today’s surge, Infosys shares remain down 12% in the past six months and have fallen nearly 21% in 2025, weighed down by global macroeconomic pressures and US tariff headwinds. Commenting on the development, Devarsh Vakil, Head of Prime Research at HDFC Securities, said: “Infosys is set to consider a share buyback on September 11. This decision comes at a crucial time when technology stocks face headwinds, and the buyback may provide much-needed support to investor confidence.” 📊 Q1 FY26 Highlights Net Profit: ₹6,921 crore (+8.7% YoY) Revenue: ₹42,279 crore (+7.5% YoY) FY26 Guidance: Revenue growth at 1–3% (constant currency), operating margin at 20–22% With improving fundamentals and a potential buyback on the table, investor sentiment around India’s second-largest IT company appears set for a near-term revival. #Infosys #ShareBuyback #ITStocks #NiftyIT #StockMarket #InfosysResults #Sensex #Nifty50