Infosys Announces ₹18,000 Crore Share Buyback, Boosting Investor Confidence
Infosys, one of India’s leading IT companies, has announced its largest-ever share buyback, valued at ₹18,000 crore. The company will buy back shares at a price of ₹1,850 per share, which is around 19% higher than the current market price. This move has generated positive sentiment in the stock market and among investors.
The buyback is seen as a strong signal of the company’s financial health and confidence in its long-term growth. It also reflects Infosys’ commitment to delivering value to shareholders. Buybacks help improve earnings per share (EPS) and often lead to an increase in share value, benefiting existing investors.
Experts say the decision may also be aimed at boosting investor morale after recent market volatility and global tech sector pressures. The company’s strong cash reserves make this move financially sound.
Analysts are mostly optimistic, with many recommending investors hold or accumulate Infosys shares. However, some caution that the buyback offer may lead to short-term price fluctuations as traders react to the announcement.
Overall, this strategic move reaffirms Infosys’ stable position in the IT sector and its focus on rewarding shareholders even in uncertain global conditions.
