Infosys' Rs 18,000-crore buyback drew bids for 826 million shares against 100 million on offer, with experts saying participation was driven by investors in lower tax brackets
Infosys stock is seen trading with a weak bias, below the key moving averages on the daily and weekly charts; Key support for the stock stands at ₹1,348. What to expect?
The IT major has increased the lower end of the revenue guidance keeping upper end constant i.e. revenue guidance changed from 14-16 per cent to 15-16 per cent in constant currency terms.
The company's board will consider a proposal for buyback of fully paid-up equity shares at its meeting on October 13, 2022 and also announce its September quarter earnings.
Infosys Q4FY21 preview: The company board will also consider a share buyback during a meeting on April 14. Following this development, the stock had hit a 52-week high of Rs 1,480 on the BSE on Monday
IT services giant is slated to hold a board meeting on April 13 and 14 to approve and take on record consolidated financial results for Q4 and for year ended March 31, 2021
