Infosys shares surge 4% ahead of buyback meeting; Anil Singhvi suggests trading strategy

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Infosys Shares Price Today: Shares of Infosys jumped more than 4 per cent on Tuesday to trade at Rs 1,494, after the IT giant announced that its board will meet on September 11 to consider a buyback of fully paid-up equity shares. This marks the company’s first proposed buyback since 2022, when it approved a Rs 9,300 crore repurchase at a maximum price of Rs 1,850 per share.

The buyback announcement was made post-market hours on Friday, and helped Infosys snap a five-day losing streak. It was also the top gainer on the Nifty IT, Sensex, and Nifty 50 indices in early trade.

The broader Nifty IT index rose over 2 per cent to touch 35,095, led by strong gains in Infosys and Wipro.

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Infosys has seen a sharp correction in recent months, falling nearly 21 per cent year-to-date, and about 12 per cent over the last six months, largely weighed by macroeconomic headwinds and global tech sentiment.

In its Q1 FY26 results, Infosys reported an 8.7 per cent year-on-year rise in net profit to Rs 6,921 crore, beating street estimates. Revenue grew 7.5 per cent YoY to Rs 42,279 crore.

Looking ahead, the company revised its FY26 revenue guidance to 1–3 per cent growth in constant currency terms, up from the earlier 0–3 per cent. Operating margin guidance was maintained at 20–22 per cent.