Infy Share Price

2022 - 10 - 14

Post cover — Image courtesy of "The Indian Express"

Infosys Share Price: Infosys surges nearly 5% post 11% jump in Q2 ... (The Indian Express)

Infosys Stock Price Today: During the morning deals on Friday, the Infosys stock surged 4.95 per cent to Rs 1490 apiece on the BSE while on the National ...

The robust growth performance combined with buyback announcement may push the Infosys stock to higher levels of 1,560 in coming trading sessions.” “We have kept our FY23/FY24 EPS estimate broadly flat after the 2QFY23 result and view Infosys as a beneficiary of an acceleration in IT spends, given its capabilities around Cloud and Digital transformation. The Bengaluru-based IT company also announced an interim dividend of Rs 16.5 per share.

Infosys shares surge post Q2 results, buyback announcement ... (Livemint)

Infosys posted 11% rise in consolidated net profit at ₹6021 crore for Q2 and announced share buyback worth ₹9300 crore.

Infosys announces Rs 9300 crore share buyback (Economic Times)

At the end of a board meeting, Infosys said it has approved the buyback of equity shares from the open market route through the Indian stock exchanges.

In December 2017, Rs 13,000 crore share buyback was done through the tender offer route. [Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). 2019's share repurchase worth Rs 8,260 crore was through the open market route. Regulations limit maximum buyback amount at 25% of net worth. The buyback scheme is subject to shareholders' approval. The software services exporter plans to buy back over 5 crore shares, comprising approximately 1.19% of the paid-up capital of the company.

Infosys shares surge after Q2 results, ₹9300 crore buyback ... (Business Insider India)

Infosys share price surged over 4% in early trade, after the company's Q2 show and revised FY23 guidance.Infosys also announced ₹9300 crore worth share ...

Buy Digital revenues, which account for 61.8% of its total revenues, grew 31.2% year-on-year in constant currency. “Infosys' Q2 results were above estimates driven by margin expansion. The sharp surge in Infosys shares comes a day after the IT major reported revenue growth on the back of $2.7 billion worth large deal wins.

Infosys shares surge on buyback announcement, Q2 results (ANI News)

Mumbai (Maharashtra) [India], October 14 (ANI): Share price of Infosys surged by around 5 per cent on Friday a day after the company announced buyback plans ...

This is reflected in our revised revenue guidance of 15-16 per cent for FY 23," Parekh said. FY 22 [interim dividend](/topic/interim-dividend) of Rs15. [interim dividend](/topic/interim-dividend) of Rs 16.50 per share vs. On the BSE, Infosys share was trading 4.86 per cent higher at Rs 1488.70 at 10.16 am. The trading in Infosys shares started sharply higher at Rs 1487.70 against its previous day's close at Rs 1419.75. The company's revenue from operations jumped by 23.4 per cent to Rs 36,538 crore for the quarter ended September 30, 2022 as compared to Rs 29,602 crore recorded in the corresponding quarter of the previous year.

Infosys zooms 4.7% on share buyback announcement, revenue ... (Zee Business)

The IT firm has raised its revenue guidance for FY23 to 15-16 per cent from the 14-16 per cent earlier. Get more Markets News and Business News on Zee ...

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Infosys share repurchase, buyback price, 2022 record date - all details (Zee Business)

Infosys share repurchase, buyback: Infosys made the announcement regarding the buyback while declaring its second-quarter results for the current fiscal.

Infosys shares surge on buyback announcement, Q2 results (Zee News)

Infosys board of directors at its meeting held here on Thursday approved the buyback of equity shares, from the open market route through the Indian stock ...

Infosys announced its financial results on Thursday after close of the stock market trading for the day." Infosys shares have rallied after the announcement of the Q2 results. "While concerns around the economic outlook persist, our demand pipeline is strong as clients remain confident in our ability to deliver the value they seek, both on the growth and efficiency of their businesses. The total amount of the interim dividend will be approximately Rs 6,940 crore. The scrip surged to a high of Rs 1490 in the intra-day. FY 22 interim dividend of Rs15.

Can Infosys buyback offer trigger rally in the stock? History may ... (Economic Times)

Infosys intends to buy back over 5 crore shares, comprising approximately 1.19% of the paid-up capital of the company, from the open market at a maximum price ...

CLSA said its 1-year target price of Rs 1,800, based on 24.5x 12-month forward EPS, is at a 4% discount to its target price for TCS. In 2019, the stock was higher by 8.4% a week after the announcement while 2021 left it with a loss of 3.3% after a week. [Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). The first buyback of Infosys was announced on 16 Aug 2017. For Infosys, this would be the fourth buyback in its history. “Infosys’s decent Q2 numbers coupled with management comforting demand commentary and margin sustenance despite supply side challenges, allay investor fears in this uncertain global environment.

Infosys share buyback: Why companies repurchase stock and how it ... (Zee Business)

A company repurchases its shares when it wants to consolidate ownership, preserve stock prices, return stock prices to real value, boost financial ratios or ...

In the Open Market route, companies have the flexibility to cancel the buyback programme anytime. The ratio of the buyback depends on factors like the number of shares tendered and the number of applications received from the shareholders for the buyback. They have to inform the company about the number of shares they want to sell. According to Rachit Chawla, CEO, Finway FSC, both methods have some pros and cons, but in terms of return, shareholders get a price higher than the market value through a tender offer. In an Open Market route, the company purchases its own shares directly from the market. It means that there is no legal obligation to complete the buyback programme in a pre-defined time. Once the ratio is announced, the shares are debited from the Demat accounts of the shareholders and excess shares are credited back. The difference between the stock's market price and the offer price is the premium that the company pays t the shareholders. It is one of the corporate actions wherein companies buy their own shares from investors at an elevated rate, thus helping the company to improve financial ratios and consolidate its ownership. Also, it is executed within a particular time frame. Companies usually buy when they feel the stock is undervalued," said Manoj Dalmia - Founder & Director, Proficient Equities. Investors can take this opportunity to accumulate value stocks.

Infosys Announces Rs 9300 Crore Share Buyback Offer, Should You ... (Outlook India)

The Infosys Board has announced a Rs 9300 crore share buyback offer at Rs 1850 per share, which is 47.05 per cent higher than its current share price.

In September 2021, Infosys’ buyback size was Rs 9,200 crore, at Rs 1,750 per share, a 2.04 per cent premium on the market price. The net profit was up 11.1 per cent Rs 6,021 crore. The company also declared a dividend of Rs 16.50 for the quarter. The company must use at least 50 per cent of the amount designated as the maximum buyback size or Rs 4,650 crore. As per the Indian rules, a company must maintain a one-year gap between two buyback offers. Infosys would buy 50,270,270 shares, around 1.19 per cent of the company’s paid-up capital as of September 30, 2022.

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