Infosys trades flat ahead of Q3 results; board may announce share buyback

Since October 16, 2018, post-September quarter results, Infosys underperformed the market by falling 2 per cent against 3 per cent rise in S&P BSE Sensex.

Shares of Infosys were trading flat at Rs 677 apiece on BSE on Friday ahead of the board meeting today to consider the financial results for the third quarter of the financial year 2018-19 (FY19).

The stock hit an intra-day high of Rs 685, after opening at Rs 684. It touched a low of Rs 676 so far. At 11:30 am, the S&P BSE Sensex was trading 54 points or 0.15 per cent lower at 36,052 levels.

Infosys, the country's second largest IT services company, will also consider share buyback and a special dividend for shareholders as part