Infosys shares surge 4% ahead of board meeting to discuss buyback plan

Infosys Shares Buyback News: Infosys share price experienced a surge following the announcement of a potential equity buyback proposal to be considered at an upcoming board meeting. This decision comes amidst a backdrop of underperformance in the stock market and broader challenges within the Indian IT sector. Despite these headwinds, Infosys reported positive YoY growth in net profit and revenue for the first quarter.