Infosys buyback: Stock falls 1% ahead of the board meeting to consider share repurchase

If approved, this will be the fifth buyback by the IT services major.

The stock of the company has rallied nearly 7% in the past two sessions, following the share buyback proposal.

The IT major's last share buyback took place in 2022, when the company spent ₹9,300 crore to buy shares with a maximum buyback price of ₹1,850 per share.

Since 2017, Infosys has announced four share buybacks for its shareholders. In 2017, the buyback was valued at ₹13,000 crore. The company announced its second buyback in 2019 when it repurchased shares worth ₹8,260 crore. The next share buyback came in 2021, worth ₹9,200 crore, with a maximum price of ₹1,750 per share, followed by the most recent buyback in 2022.

Tier-1 IT Services Q1 Review

India's top IT services firms delivered single-digit revenue growth in April-June (Q1 FY26), capping off a mixed, somewhat-sobering quarter as macroeconomic instability and geopolitical tensions weighed on global tech demand and delayed client decision-making.

Management commentary painted a mixed picture; caution prevailed, yet industry CEOs also emphasised cost optimisation, vendor consolidation, and opportunities in AI makeovers.

"However, we remain positive on the medium-to-long-term outlook, as technology debt is very high for enterprises, which will warrant revival in spending as macro improves," analysts said, as per a PTI report, in a report post-Infosys' results, which concluded the Q1 earnings season for Tier-1 IT services firms.

TCS' revenue rose 1.3% year-on-year to ₹63,437 crore, while the bottom line improved 5.9% to ₹12,760 crore.

TCS MD and Chief Executive K. Krithivasan said the company is experiencing a "demand contraction" due to the continued uncertainties on the macroeconomic and geopolitical fronts and added that he does not see double-digit revenue growth in FY26.