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Shares of Infosys surged 3.65% to an intraday high of Rs 1,485 on the BSE on Tuesday, September 9, after the IT major announced it will consider a proposal to buy back its equity shares at a board meeting scheduled for September 11.
The move comes at a time when the company’s stock has seen significant underperformance, falling nearly 25% over the past year and declining 24% on a year-to-date basis.
Infosys’ share price weakness mirrors the broader downturn in the Indian IT sector, which has struggled under the weight of global economic uncertainty…
