Infosys shares surged by 4.12 percent to ₹1,533 on Thursday morning, leading among technology stocks and on the Nifty 50 index. This uptick occurred a day after the company announced that its promoters would not take part in an ₹18,000-crore share buyback program.
The promoter group, which comprises Narayana Murthy, Sudha Murty, and Nandan Nilekani, collectively holds 13.05 percent of the company’s equity as of the date of the buyback announcement, according to a regulatory filing issued on Wednesday. The tech giant has set the buyback price at ₹1,800 per share through the tender route, marking this as its fifth share repurchase offer, though the record date has yet to be disclosed.
The stock opened at ₹1,510 against a previous close of ₹1,472.40 and reached an intraday high of ₹1,535. By 10:20 AM, trading volumes had reached 72.97 lakh shares worth ₹1,109.76 crore, with 66 percent of the shares considered deliverable, indicating robust demand from investors.
The day’s gains were not limited to Infosys; other technology stocks also saw increases, with HCL Tech rising by 3.19 percent, Tech Mahindra gaining 2.24 percent, Wipro up by 1.98 percent, and TCS advancing by 1.90 percent.
Axis Securities maintains a ‘Buy’ rating on Infosys, assigning a target price of ₹1,620 following the company’s recent earnings report. The brokerage noted the company has revised its revenue guidance to an expected growth of 2-3 percent for FY26 and highlighted its progress in artificial intelligence implementation, with over 2,500 GenAI projects delivered to date.
Published on October 23, 2025.
