Infosys gains nearly 1% as board to consider share buyback on Thursday

Shares of Infosys gained nearly a per cent at Rs 1,474 on the BSE in Tuesday’s intra-day trade after the company said its board will consider share buyback proposal on Thursday along with September quarter results (Q2FY23).

The board of the company will consider a proposal for buyback of fully paid-up equity shares of the company at its meeting to be held on October 13, 2022, Infosys said in an exchange filing on Monday after market hours.

At 09:18 AM, Infosys traded almost flat Rs 1,465, after hitting a low of Rs 1,460 in intra-day trade so far. In comparison, the S&P BSE Sensex was down 0.22 per cent at 57,863.