New Delhi, Oct. 28 -- As the record date for Infosys Rs.18,000 crore share buyback is expected to be announced in the coming weeks, the company's shares continue to trade sideways. Although the stock showed some strength in recent sessions, it still hovers near a six-month low.

The board approved the buyback proposal earlier in September, its first in nearly three years, which initially sparked a brief recovery in the stock. However, the momentum soon faded, with shares slipping to their lowest level since April last week.

Infosys is the first IT bellwether to announce a buyback since 2023, and the Rs.18,000 crore program is also the largest in its history. The move comes at a time when the stock has been under prolonged pressure, havin...