A potential buyback consideration has sent the flagship IT stock sharply higher, with the share price rising nearly 5% intraday.
The stock reached an intraday high of ₹1,485, marking a 3.65% jump, as investors eagerly anticipate the September 11 board meeti
ng.
This would be the company’s fifth buyback in history, with previous rounds in 2022, 2021, 2019, and 2017—all executed via open marke
t.
Although exact figures aren’t confirmed, indications suggest the buyback could amount to ₹13,000 crore, returning significant capital t
o shareholders.
The move helped IT stocks snap a painful five-day losing streak, offering relief amid macro headwinds like tariffs and tightening budgets.
The IT index surged 2.3%–2.8%, with this single stock accounting for around 80–85% of the index’s gains.
A weaker rupee—hovering near ₹88 to the dollar—adds margin tailwinds for exporters and boosts investor se
ntiment in the tech-heavy sector.
Investors are weighing whether this buyback will provide short-term relief or underpin a longer-term sentiment shift.
For over two million shareholders, this announcement delivers potential arbitrage if a premium is offered in the tende
r offer.
Bottom line: Corporate capital return meets tactical timing—this buyback could be a game-changer if executed smartly.