Goodwill Investors’ Education initiative!Goodwill’s Eagle Eyes!.
Stock Market :Indices shed, Nifty drops 100 pts; all indices in red
Infosys to consider a proposal for buyback of shares.
India’s gems, jewellery exports rise 27 pc in September: Rupee slides.
Infosys will also declare its financial results for the September quarter (Q2FY23) on 13 October.
India’s second largest IT services provider Infosys Ltd will consider a buyback proposal when its board will meet on 13 October, the company informed the stock exchanges.
“Pursuant to Regulation 29(1)(b) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”), the Board of the Company will consider a proposal for buyback of fully paid-up equity shares of the Company at its meeting to be held on October 13, 2022, in accordance with the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, as amended,” Infosys said in a filing.
The outcome of the board meeting will be disseminated to the stock exchanges after conclusion of the board meeting on 13 October, 2022, the company said.
Infosys will also declare its financial results for the September quarter (Q2FY23) on 13 October. The company’s board will also consider its first interim dividend for FY23.
For the financial year FY22, Infosys paid a 620% equity dividend to its shareholders aggregating to ₹31 per share. For this financial year, the first interim dividend of ₹15 per share was announced on 13 October, 2021, while the final dividend of ₹16 per share was declared on 13 April, 2022.
At the current market price, Infosys has a dividend yield of over 2.1%.
On Monday, Infosys shares closed 0.95% higher at ₹1,465.00 on the NSE. In the last one year, the scrip has fallen by 13.36%. The company’s market cap is around ₹6,10,871.36 crore.
Stock Market :Indices shed, Nifty drops 100 pts; all indices in red
Share Market LIVE Updates: Indices are now trading in red with Sensex down 300 points and Nifty 100. Adani Enterprises and Asian Paints gain, while Eicher Motors and Divi’s Lab sink. Auto and Pharma lead the race to the bottom.
Investors will keep an eye on earnings as they look for hints of an economic downturn. TCS management on Monday said the environment remains challenging amidst global recession fears. The firm’s second-quarter profit rose 8.4%, beating analysts’ estimates.
India’s gems, jewellery exports rise 27 pc in September
India’s gems and jewellery exports witnessed a 27.17 per cent growth in September to ₹30,195.21 crore (USD 3765.51 million) as compared to ₹23,743.46 crore during the same month last year, data released by the Gem and Jewellery Export Promotion Council (GJEPC) showed.
Since the start of the financial year 2022-23, the overall gross exports of gem and jewellery rose 12.82 per cent to ₹161,545.06 crores on a cumulative basis (USD 20,580.11 million) as compared to ₹143,187.15 crore (USD 19,359.01 million) for the same period last year, data showed. With this, the sector has achieved 45 per cent of the total export target of USD 45.7 billion for the current financial year.
Click to open an Account : https://ekyc.gwcindia.in/client/
For all your investment needs feel free to reach us.
Give us Missed Call us on 90037 90027 . For Support : 044-40329999
