Bengaluru: Shares of Infosys Ltd. will remain in focus on Friday, September 12, after the board of the IT services giant approved its largest-ever share buyback worth ₹18,000 crore.
The buyback will be conducted through the tender route at ₹1,800 per share, representing a 19% premium to Thursday’s closing price of ₹1,512.20. This move will see the repurchase of about 2.41% of outstanding equity shares.
This marks Infosys’ fifth share buyback, surpassing market expectations of ₹10,000–14,000 crore.
Infosys Buyback History
| Year | Buyback Size (₹ crore) |
|---|---|
| 2017 | 13,000 |
| 2019 | 8,260 |
| 2021 | 9,200 |
| 2022 | 9,300 |
| 2025 | 18,000 |
What brokerages say
- CLSA: Outperform rating, target price ₹1,861 (upside of 23%). Believes buyback will support stock in a seasonally weak H2 FY26. Sees IT budgets expanding on Generative AI, offsetting deflationary pressure.
- Nomura: Buy rating, target price ₹1,880. Expects 3.8% YoY dollar revenue growth in FY26F, with valuation at 20x FY27F EPS and dividend yield of 4.4%.
- Morgan Stanley: Equalweight rating, target price ₹1,700. Notes buyback size exceeds expectations; expects execution to take 3–4 months. Views announcement as a confidence signal amid macro uncertainties.
Analyst consensus
Of the 50 analysts tracking Infosys, 35 have a ‘Buy’, 13 a ‘Hold’, and two a ‘Sell’ recommendation.
Infosys shares ended Thursday 1.33% lower at ₹1,512.20, and are down nearly 20% year-to-date.