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Infosys Buyback | Infosys likely to announce Rs 9,000-14,000 crore share buyback tomorrow

Updated Apr 13, 2021 | 13:11 IST
Infosys shares were trading 2.76% lower at Rs 1,387.80 apiece in the afternoon trade. This is on top of Monday s 1% correction in the stock.
Representational image
New Delhi: Infosys, India s second-biggest outsourcer, is likely to announce a share buyback in the range of $1.2 billion to $1.9 billion (Rs 9,000 crore to Rs 14,000 crore) tomorrow (Wednesday) when its board meets to take a decision on the proposal.
“The last two buybacks were through open market so they are likely to continue doing that. The size would be Rs 8,000 crore to Rs 10,000 crore, not more than that, the
Economic Times quoted Neerav Dalal, research analyst at Maybank Kim Eng Securities as saying. ....

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Infosys Share Price Today: Infosys Falls Ahead Of Share Buyback Proposal, Earnings Announcement

Infosys Share Price: Shares were last trading 2.49 per cent lower at Rs 1,390.35 on BSE
Share price of IT major Infosys fell around three per cent on Tuesday, April 13, ahead of its fourth-quarter corporate earnings results due tomorrow - April 14, 2021. The shares of the country s second-largest software services company witnessed a decline today after it recently announced that the board will consider a proposal to buyback shares at its upcoming board meet on Wednesday, April 14, 2021. On Tuesday, Infosys opened on the BSE at Rs 1,433, touching an intra day high of Rs 1,435.95 and an intra day low of Rs 1,375, in the session so far. ( ....

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Infosys news | Infosys Q3 profit increases 7.3% at Rs 5,197 crore, raises growth guidance to 4.5%-5.0%

Updated Jan 13, 2021 | 17:27 IST
Consolidated revenue for the December quarter came in at Rs 25,927 crore, against Rs 24,570 crore reported in the September quarter.
Infosys Q3 profit increases 16.6% at Rs 5,197 crore, raises growth guidance to 4.5%-5.0% | Photo Credit: BCCL
New Delhi: Infosys has reported consolidated profit at Rs 5,197 crore for the quarter ended December 2020, compared to Rs 4,845 crore in previous quarter.
Consolidated revenue for the December quarter came in at Rs 25,927 crore, against Rs 24,570 crore reported in the September quarter.
Infosys raised FY21 revenue growth guidance to 4.5%-5.0% in constant currency while increasing operating margin guidance to 24.0%-24.5%.
The company s Q3 revenues grew year-on-year by 8.4% in USD; grew by 6.6% in constant currency. ....

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