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Infosys hits new high, trades above share buyback price of Rs 1,750

The stock has outperformed the market by gaining 13 per cent in the past one month

Infosys
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SI Reporter Mumbai
Shares of Infosys hit a new record high of Rs 1,755, up nearly 1 per cent on the BSE in intra-day trade on Wednesday. At 10:18 am, the stock was trading at Rs 1,751.75, above its maximum share buyback price of Rs 1,750 per share.

The IT major had commenced share buyback programme worth Rs 9,200 crore on June 25, 2021, wherein it had proposed to buy back shares at a maximum price of Rs 1,750 apiece.

The buyback will be closing on the expiry of six months from the commencement date; or when the company completes the buyback by deploying the