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      Infosys advances on share buyback plan

      MoM Team / Mumbai, Aug 17, 2017 09:20 AM IST

        Infosys advances on share buyback plan

        Infosys rose 2.9 percent to Rs 1,005 on BSE after the company announced that its board of directors will consider a proposal for buyback of equity shares at a meeting scheduled on 19 August 2017.

        The announcement was made after market hours yesterday, 16 August 2017.

        Meanwhile, the S&P BSE Sensex was up 18.44 points or 0.06 percent at 31,789.33.

        On the BSE, 41,518 shares were traded on the counter so far as against the average daily volumes of 2.79 lakh shares in the past one quarter. The stock had hit a high of Rs 1,010 and a low of Rs 1,000 so far during the day. The stock had hit a 52-week high of Rs 1,080.70 on 14 October 2016 and a 52-week low of Rs 900.30 on 9 November 2016.

        The large-cap company has equity capital of Rs 1148.47 crore. Face value per share is Rs 5.

        Infosys' consolidated net profit fell 3.3 percent to Rs 3483 crore on 0.2 percent decline in revenue to Rs 17078 crore in Q1 June 2017 over Q4 March 2017.

        Infosys is a global leader in technology services and consulting.

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