On Friday, September 12, 2025, Infosys shares opened strong, rising nearly 2% to trade at ₹1,537 on the NSE after the company received exemptive relief from the U.S. Securities and Exchange Commission (SEC) for its proposed buyback programme worth ₹18,000 crore. The stock closed the previous session at ₹1,509.70.
Infosys’ board had earlier approved the buyback of up to 10 crore equity shares at a price of ₹1,800 per share, aggregating ₹18,000 crore. The programme remains subject to shareholder approval through a special resolution via postal ballot.
Brokerages remain positive on the stock following the buyback announcement. CLSA maintained an outperform rating with a target price of ₹1,861, noting the buyback should provide near-term support to the stock. Nomura retained its buy rating and raised its target to ₹1,880, highlighting attractive valuations at 20x FY27 earnings and a dividend yield of 4.4%. Kotak Institutional Equities also maintained a buy with a target of ₹1,850, citing stable demand and early investments in generative AI as key positives. Morgan Stanley, however, stayed equal-weight with a target of ₹1,700, though it said the buyback announcement signals management’s confidence in guidance stability.
At the current level of ₹1,537, Infosys offers potential upside of 12–24% based on brokerage targets.
Disclaimer: The views and investment recommendations expressed in this article are those of the respective brokerages. Business Upturn does not endorse or recommend any investment decisions. Investors are advised to consult financial experts before making investment choices.
