Infosys shares jump 3.8% after IT major announces buyback date; NIFTY IT surges 2.5%

The Salil Parekh-led company announced on Tuesday, November 18, that its share repurchase programme will open for subscription on Thursday, November 20, and close on November 26.

The company aims to buy back 10 crore fully paid-up equity shares of a face value of ₹5 each, representing up to 2.41% of the total paid-up equity share capital, at ₹1,800 per share.

"The eligible shareholders can tender their equity shares during the tendering period, i.e., from November 20, 2025, to November 26, 2025.

Other IT stocks rally

Besides Infosys, other IT stocks were also trading with impressive gains in the trade. For instance, TCS shares were trading 1.8% higher at ₹3,142.20 apiece on the NSE, while LTIMindtree was trading 2.7% higher at ₹5,907 on the NSE, following their respective corporate announcements.

TCS stock rallied after the IT services behemoth said on Tuesday it was chosen by the National Health Service (NHS) Supply Chain to provide application development, support, and maintenance for its core business systems and cloud infrastructure for five years.

Under the partnership, TCS will deploy a host of cloud- and AI-enabled solutions to modernise NHS Supply Chain’s IT systems and enhance overall operational efficiency, it said in a regulatory filing on Tuesday.

The IT firm will replace the NHS' legacy systems with a modern supply chain enterprise resource planning (ERP) solution for “faster time-to-market, seamless scalability, and enhanced customer experience.”

LTIMindtree shares, on the other hand, jumped after the company said it has announced expansion of its global collaboration with Microsoft to accelerate

Microsoft Azure adoption and drive AI-powered business transformation for enterprises. As a part of this collaboration, LTIMindtree will enable faster cloud adoption and unlock enhanced business value for joint customers through advanced AI solutions.

“Our collaboration with Microsoft is built on a shared vision of empowering enterprises to reimagine their future. By accelerating Azure adoption and embedding AI into every business process, we are helping customers move from pilots to productivity—unlocking innovation, resilience, and growth at scale,” said Venu Lambu, CEO & Managing Director, LTIMindtree.

NIFTY IT index up over 880 points

At the time of writing this article, all 12 components of the NIFTY IT were trading in the green, and the index was trading at 36,856.25 levels, up 881.05 points, or 2.45%.