The shares of Infosys Ltd recorded fresh highs on Monday as the Board of the company is set to consider a buyback proposal at its meeting to be held on April 14, 2021.
At 9:51 am, Infosys was trading at 1454.40 on the BSE, up 13.65 or 0.95 per cent. It opened at a 52-week high of 1480.00 as against the previous close of 1440.75.
ON the NSE, it was trading at 1,454.00, up 12.95 or 0.90 per cent. It hit a 52-week high of 1,477.55.
The company on Sunday announced that the board of directors of Infosys, on April 14, along with Q4 results, will consider a proposal for buyback of fully paid-up equity shares of the company.
The outcome of the Board meeting will be disseminated to the stock exchanges after the conclusion of the Board meeting.