jumped 4.12 per cent to ₹1,533 on Thursday morning, leading gains among technology stocks and on the Nifty 50, a day after the company disclosed that its promoters would not participate in the ₹18,000-crore share buyback programme.
The promoter group, which includes Narayana Murthy, Sudha Murty, and Nandan Nilekani, collectively holds 13.05 per cent of the company’s equity as of the buyback announcement date, according to a regulatory filing on Wednesday. The IT major has fixed the buyback price at ₹1,800 per share through the tender route, marking its fifth such offer. The record date is yet to be announced.
The stock opened at ₹1,510 against the previous close of ₹1,472.40 and touched an intraday high of ₹1,535. Trading volumes stood at 72.97 lakh shares worth ₹1,109.76 crore by 10.20 am, with 66 per cent deliverable quantity indicating strong underlying demand.
Technology stocks dominated the day’s gainers list, with HCL Tech rising 3.19 per cent, Tech Mahindra gaining 2.24 per cent, Wipro up 1.98 per cent, and TCS advancing 1.90 per cent.
Axis Securities maintains a ‘Buy’ rating on Infosys with a target price of ₹1,620, post results last week, currently trading at 21 times FY27 estimated earnings. The brokerage noted the company’s revised revenue guidance of 2-3 per cent growth for FY26 and its progress in AI implementation with over 2,500 GenAI projects delivered.