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Promoter Alay Jitendra Shah remained seller in Shilchar Technologies, the power and distribution transformers manufacturing company, for second straight session, offloading 0.87 percent stake via open market transaction on October 23.

Shilchar shares gained 0.5 percent to finish the session at Rs 4,377.40, forming small bearish candle with long upper shadow on the daily timeframe, signalling pressure at higher levels intraday.

Alay Jitendra Shah sold 1 lakh shares (equivalent to 0.87 percent of paid-up equity) in <a href="https://www.moneycontrol.com/india/stockpricequote/electric-equipment/shilchartechnologies/ST21">Shilchar</a> at Rs 4,373.09 per share, for Rs 43.73 crore. In previous trading session, he had offloaded 1.02 percent stake in the company for Rs 50.89 crore.

Meanwhile, <a href="https://www.moneycontrol.com/india/stockpricequote/engineeringconstruction/epackprefabtechnologies/EPTL">EPack Prefab Technologies</a> stock closed the volatile session 14.07 percent higher at Rs 232.07 following stellar earnings performance in Q2FY26.

BofA Securities Europe SA bought 5,62,723 equity shares (0.56 percent stake) in EPack Prefab, one of India’s leading players in the pre-engineered building (PEB) and prefabricated construction industry, at Rs 233.82 per share for Rs 13.15 crore.

The action was also seen in <a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticalsdrugs/cohancelifesciences/SP19">Cohance Lifesciences</a>, the Hyderabad-based CDMO company. BNP Paribas Financial Markets acquired 1,12,492 equity shares (0.03 percent stake) at Rs 890.75 per share for Rs 10.02 crore from Morgan Stanley Asia (Singapore) Pte. The stock was down 1.3 percent to Rs 886.65.

Ownership, Material Conflicts of Interest and Disciplinary History

MCD is a wholly owned subsidiary of Network 18 Media & Investments Ltd ("Network18"), in which Independent Media Trust (IMT) holds 56.89% stake. Reliance Industries Limited ("RIL") is the sole beneficiary of IMT. Network18 and RIL and their subsidiaries, joint ventures and associates can be considered as associates of MCD.

Details of Associate

Receipt of Compensation

Third-Party Compensation

Employment History

Market-Making Activities

Use of Artificial Intelligence

Promoter remains seller for second straight day, offloads 0.87% stake in Shilchar Technologies

Promoter Alay Jitendra Shah remained seller in Shilchar Technologies, the power and distribution transformers manufacturing company, for second straight session, offloading 0.87 percent stake via open market transaction on October 23.

Shilchar shares gained 0.5 percent to finish the session at Rs 4,377.40, forming small bearish candle with long upper shadow on the daily timeframe, signalling pressure at higher levels intraday.

Alay Jitendra Shah sold 1 lakh shares (equivalent to 0.87 percent of paid-up equity) in Shilchar at Rs 4,373.09 per share, for Rs 43.73 crore. In previous trading session, he had offloaded 1.02 percent stake in the company for Rs 50.89 crore.

Meanwhile, EPack Prefab Technologies stock closed the volatile session 14.07 percent higher at Rs 232.07 following stellar earnings performance in Q2FY26.

BofA Securities Europe SA bought 5,62,723 equity shares (0.56 percent stake) in EPack Prefab, one of India’s leading players in the pre-engineered building (PEB) and prefabricated construction industry, at Rs 233.82 per share for Rs 13.15 crore.

The action was also seen in Cohance Lifesciences, the Hyderabad-based CDMO company. BNP Paribas Financial Markets acquired 1,12,492 equity shares (0.03 percent stake) at Rs 890.75 per share for Rs 10.02 crore from Morgan Stanley Asia (Singapore) Pte. The stock was down 1.3 percent to Rs 886.65.

Bharat Forge shares settled over 4 percent higher on Thursday following reports that the company had secured an order from the Indian Army.

The company, however, denied the reports, clarifying that no contract has been signed yet.

In a statement, Bharat Forge said it had submitted a bid for the Indian Army’s Close Quarters Battle (CQB) Carbine programme for the supply of 4.25 lakh carbines in March 2023. "After rigorous trials by the Indian Army, the commercial bids were opened in July 2025. For this programme, BFL has been qualified as the L1 bidder for the supply of 60 percent of the total order. At present, the contract finalisation process is underway with the Ministry of Defence and the contract is not signed as on date," the company said.

On the National Stock Exchange, shares of <a href="https://www.moneycontrol.com/india/stockpricequote/castingsforgings/bharatforge/BF03">Bharat Forge</a> settled 4.23 percent higher at Rs 1,296 apiece after hitting an intraday high of Rs 1,311, up 5.44 percent. The stock opened with a gain of 2.05 percent.

Earlier, British aircraft engine maker Rolls-Royce announced the signing of a pact with Bharat Forge for the manufacturing and supply of fan blades for its Pearl 700 and Pearl 10X engines.

The agreement, signed at Rolls-Royce’s Dahlewitz facility near Berlin, marks an expansion of the existing collaboration between the two companies and supports the engine maker’s plan to double its supply chain sourcing from India by 2030, the company said in a statement.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Bharat Forge shares settle 4% higher on reports of Army order

Bharat Forge shares settled over 4 percent higher on Thursday following reports that the company had secured an order from the Indian Army.

The company, however, denied the reports, clarifying that no contract has been signed yet.

In a statement, Bharat Forge said it had submitted a bid for the Indian Army’s Close Quarters Battle (CQB) Carbine programme for the supply of 4.25 lakh carbines in March 2023. &quot;After rigorous trials by the Indian Army, the commercial bids were opened in July 2025. For this programme, BFL has been qualified as the L1 bidder for the supply of 60 percent of the total order. At present, the contract finalisation process is underway with the Ministry of Defence and the contract is not signed as on date,&quot; the company said.

On the National Stock Exchange, shares of Bharat Forge settled 4.23 percent higher at Rs 1,296 apiece after hitting an intraday high of Rs 1,311, up 5.44 percent. The stock opened with a gain of 2.05 percent.

Earlier, British aircraft engine maker Rolls-Royce announced the signing of a pact with Bharat Forge for the manufacturing and supply of fan blades for its Pearl 700 and Pearl 10X engines.

The agreement, signed at Rolls-Royce’s Dahlewitz facility near Berlin, marks an expansion of the existing collaboration between the two companies and supports the engine maker’s plan to double its supply chain sourcing from India by 2030, the company said in a statement.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

The shares of EPack Prefab Technologies and Jain Resource Recycling rallied on October 23 as strong second quarter earnings boosted investor sentiment for the two newly-listed stocks.

EPack Prefab Technologies rallied 20 percent to hit the upper circuit at Rs 233.67 apiece, while Jain Resource Recycling shares jumped more than 9 percent to hit a day’s high at Rs 387.98 apiece.

EPack Prefab Technologies Q2 Results:

<a href="https://www.moneycontrol.com/india/stockpricequote/engineeringconstruction/epackprefabtechnologies/EPTL">EPack Prefab Technologies</a> on October 22 reported a net profit of Rs 29.5 crore for the July-September quarter of the financial year 2026. This marks a whopping 104 percent year-on-year increase from the Rs 14.43 crore net profit reported in the same period last year.

The firm's revenue from operations meanwhile rose around 62 percent YoY to Rs 434 crore during Q2 FY26, from Rs 268 crore in Q2 FY25. "We are very delighted to communicate our first ever results to our investors post getting listed on the exchanges this month; I am very confident about the business and robust financials of the company and aim to maximise value creation for our investors," said EPack Prefab Technologies MD &amp; CEO Sanjay Singhania.

EPack Prefab Technologies share price:

EPack Prefab Technologies shares had made a <a href="https://www.moneycontrol.com/news/business/ipo/epack-prefab-shares-listing-stock-makes-weak-debut-at-10-discount-to-ipo-price-13592072.html">weak market debut</a> on October 1, listing at Rs 183.85 apiece on NSE. This marked a 10 percent discount from its IPO price of Rs 204 per share. The stock has gained nearly 33 percent in just 15 sessions since listing.

After hitting an all time high earlier during the day, the stock pared some gains to close around 13 percent higher at Rs 229.90 apiece.

Jain Resource Recycling Q2 Results:

<a href="https://www.moneycontrol.com/india/stockpricequote/metals-non-ferrous/jainresourcerecycling/JRRL">Jain Resource Recycling</a> reported a consolidated net profit of Rs 98.59 crore for Q2 FY26, marking an 88 percent YoY increase from the Rs 52.56 crore net profit reported in the same period last year. The firm’s revenue from operations meanwhile grew 52 percent YoY to Rs 2,113.7 crore.

“Looking ahead, we remain committed to expanding our capacities, strengthening our presence across non-ferrous recycling segments, and advancing our forward integration into copper cathodes, wire rods, and busbars. In parallel, we are actively exploring new growth avenues, including strategic scrap yard acquisitions and diversification into tyre, e-waste, and solar panel recycling — all in line with our vision of fostering a circular and sustainable future,” said Jain Resource Recycling Chairman and Managing Director Kamlesh Jain.

Jain Resource Recycling share price:

Jain Resource Recycling shares had made a <a href="https://www.moneycontrol.com/news/business/ipo/jain-resource-recycling-share-price-today-stock-lists-at-14pc-premium-over-ipo-price-on-nse-13591963.html">decent stock market debut</a> on October 1, listing at Rs 265.05 per share on NSE. This marked a 14.25 percent premium over the IPO price of Rs 232 apiece. The stock has gained nearly 9 percent since listing, and is up over 14 percent from its IPO price.

Jain Resource Recycling shares later pared some gains to close over 3 percent higher at Rs 366.90 apiece.

Also read: <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-sensex-nifty-50-share-price-gift-nifty-latest-updates-23-10-2025-liveblog-13627799.html">Our LIVE blog on stock market updates</a>

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Newly listed stocks shine: EPack Prefab shares rally up to 20% after Q2 net profit more than doubles, Jain Resource jumps up to 9%

The shares of EPack Prefab Technologies and Jain Resource Recycling rallied on October 23 as strong second quarter earnings boosted investor sentiment for the two newly-listed stocks.

EPack Prefab Technologies rallied 20 percent to hit the upper circuit at Rs 233.67 apiece, while Jain Resource Recycling shares jumped more than 9 percent to hit a day’s high at Rs 387.98 apiece.

EPack Prefab Technologies Q2 Results:

EPack Prefab Technologies on October 22 reported a net profit of Rs 29.5 crore for the July-September quarter of the financial year 2026. This marks a whopping 104 percent year-on-year increase from the Rs 14.43 crore net profit reported in the same period last year.

The firm's revenue from operations meanwhile rose around 62 percent YoY to Rs 434 crore during Q2 FY26, from Rs 268 crore in Q2 FY25. &quot;We are very delighted to communicate our first ever results to our investors post getting listed on the exchanges this month; I am very confident about the business and robust financials of the company and aim to maximise value creation for our investors,&quot; said EPack Prefab Technologies MD &amp;amp; CEO Sanjay Singhania.

EPack Prefab Technologies share price:

EPack Prefab Technologies shares had made a weak market debut on October 1, listing at Rs 183.85 apiece on NSE. This marked a 10 percent discount from its IPO price of Rs 204 per share. The stock has gained nearly 33 percent in just 15 sessions since listing.

After hitting an all time high earlier during the day, the stock pared some gains to close around 13 percent higher at Rs 229.90 apiece.

Jain Resource Recycling Q2 Results:

Jain Resource Recycling reported a consolidated net profit of Rs 98.59 crore for Q2 FY26, marking an 88 percent YoY increase from the Rs 52.56 crore net profit reported in the same period last year. The firm’s revenue from operations meanwhile grew 52 percent YoY to Rs 2,113.7 crore.

“Looking ahead, we remain committed to expanding our capacities, strengthening our presence across non-ferrous recycling segments, and advancing our forward integration into copper cathodes, wire rods, and busbars. In parallel, we are actively exploring new growth avenues, including strategic scrap yard acquisitions and diversification into tyre, e-waste, and solar panel recycling — all in line with our vision of fostering a circular and sustainable future,” said Jain Resource Recycling Chairman and Managing Director Kamlesh Jain.

Jain Resource Recycling share price:

Jain Resource Recycling shares had made a decent stock market debut on October 1, listing at Rs 265.05 per share on NSE. This marked a 14.25 percent premium over the IPO price of Rs 232 apiece. The stock has gained nearly 9 percent since listing, and is up over 14 percent from its IPO price.

Jain Resource Recycling shares later pared some gains to close over 3 percent higher at Rs 366.90 apiece.

Also read: Our LIVE blog on stock market updates

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

The shares of <a href="https://www.moneycontrol.com/india/stockpricequote/electricals/dixontechnologies/DT07">Dixon Technologies</a> extended losses to 7 percent over three sessions after the company released its results for the second quarter of the financial year 2026. The stock dropped nearly 4 percent to trade at Rs 15,540 apiece on October 23.

The company had released its Q2 FY26 results in the post market hours of October 17.

Dixon Tech Q2 Results:

Dixon Tech on October 17 reported a net profit of Rs 670 crore for the July-September quarter of the financial year 2026. This marks a 72 percent on-year increase from the Rs 389.85 crore net profit reported in the corresponding quarter of the previous financial year.

The firm's revenue from operations meanwhile rose around 29 percent year-on-year to Rs 14,855 crore in Q2 FY26, from Rs 11,534 crore in Q2 FY25. EBITDA increased 34 percent YoY to Rs 564 crore, while EBITDA margin improved to 3.8 percent.

CLSA downgrades Dixon Tech shares:

CLSA downgraded Dixon Technologies to 'Outperform' from its earlier 'Buy' rating, and cut its target price for the stock to Rs 18,800 per share. CLSA cautioned that the discontinuation of the Production Linked Incentive (PLI) scheme could put pressure on the company's margins in early FY27, before the benefits of backward integration begin to flow through, CNBC-TV18 reported.

Yes Securities reiterates 'Reduce' call on Dixon Tech:

Yes Securities kept a 'Reduce' rating on the stock, with a revised target price of Rs 15,556 per share. This implies a downside potential of more than 3.5 percent from the stock’s previous closing price. The domestic brokerage noted that the firm’s revenue missed estimate by 3 percent, while consumer electronics and home appliances businesses were weaker because of temporary demand delays after the GST rate cut in August and early monsoon impact.

“We continue to value DIXON at 55x as company return ratios continue to remain healthy. We believe there could be risk to revenue in other products (Ex of mobile) as demand environment continues to be subdued,” it added.

Here's what Phillip Capital said:

Phillip Capital noted that the firm has cuts its FY27 mobile phone volume guidance to 55-60 million units from 60–65 million units. Mobile phone and electronic manufacturing services segment accounted for 90 percent of its revenue.

The brokerage said that the company missed Street's PAT estimates by 13 percent due to increase in minority interest in its Ismartu and Bharti subsidiary. It added that achieving volume guidance seems tricky given that the festive season is over and H2 is generally weak

Motilal Oswal sees 40% upside potential:

Motilal Oswal reiterated its ‘Buy’ rating on the stock, with a target price of Rs 22,500 per share. This implies an upside potential of nearly 40 percent from the stock’s previous closing price. “Dixon Technology’s 2QFY26 revenue/PAT came in line with our estimates, with the mobile segment registering a strong growth of 42% YoY. Due to the base effect of Ismartu integration and improved volumes from existing clients, mobile volumes jumped YoY during the quarter. This quarter's performance was hit to an extent by demand slowdown due to GST rate changes and the postponement of decision-making from customers,” the domestic brokerage said.

“Demand has started recovering for the consumer durable segment post GST rate cut, and we believe this will further be reflected in Q3 FY26 results. With continuous focus on backward integration through component PLI and plans for long-term JV agreements with clients, we believe DIXON will continue to benefit from volume and margin improvements even after the PLI period ends by Mar’26. We marginally revise our estimates to bake in improved margin performance in the home appliances segment,” it added.

The mobiles business remained a key growth driver for Dixon in Q2, with revenue from the mobiles and EMS vertical growing 41 percent YoY, while consumer electronics (-32 percent YoY) and home appliances (-3 percent YoY) remained weak, said JM Financial. “Dixon’s backward integration initiatives, including display assembly (expected Mar/Apr’26) and camera module assembly (consolidated w.e.f. Sep’25) appear to be largely on track. Dixon also indicated that it is in discussions with a large global ODM (FY27E potential of ~6mn smartphones), wherein mass manufacturing is expected by 4QFY26/1QFY27. That said, FY26/27E volume guidance remains unchanged at 40-42mn and 60-65mn smartphones respectively. While we cut our FY26E EPS estimates by 4.8% to accommodate for higher finance costs and minority interest, our FY27/28E estimates remain largely unchanged,” it added.

The domestic brokerage kept an ‘Add’ rating on the stock, with a target price of Rs 18,000 per share. This implies an upside potential of nearly 12 percent from the stock’s previous closing price.

Also read: <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-sensex-nifty-50-share-price-gift-nifty-latest-updates-23-10-2025-liveblog-13627799.html">Our LIVE blog on stock market updates</a>

(With inputs from Reuters)

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

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Q2 results impact: Dixon Tech extends fall to third day after lowering volume guidance

The shares of Dixon Technologies extended losses to 7 percent over three sessions after the company released its results for the second quarter of the financial year 2026. The stock dropped nearly 4 percent to trade at Rs 15,540 apiece on October 23.

The company had released its Q2 FY26 results in the post market hours of October 17.

Dixon Tech Q2 Results:

Dixon Tech on October 17 reported a net profit of Rs 670 crore for the July-September quarter of the financial year 2026. This marks a 72 percent on-year increase from the Rs 389.85 crore net profit reported in the corresponding quarter of the previous financial year.

The firm's revenue from operations meanwhile rose around 29 percent year-on-year to Rs 14,855 crore in Q2 FY26, from Rs 11,534 crore in Q2 FY25. EBITDA increased 34 percent YoY to Rs 564 crore, while EBITDA margin improved to 3.8 percent.

CLSA downgrades Dixon Tech shares:

CLSA downgraded Dixon Technologies to 'Outperform' from its earlier 'Buy' rating, and cut its target price for the stock to Rs 18,800 per share. CLSA cautioned that the discontinuation of the Production Linked Incentive (PLI) scheme could put pressure on the company's margins in early FY27, before the benefits of backward integration begin to flow through, CNBC-TV18 reported.

Yes Securities reiterates 'Reduce' call on Dixon Tech:

Yes Securities kept a 'Reduce' rating on the stock, with a revised target price of Rs 15,556 per share. This implies a downside potential of more than 3.5 percent from the stock’s previous closing price. The domestic brokerage noted that the firm’s revenue missed estimate by 3 percent, while consumer electronics and home appliances businesses were weaker because of temporary demand delays after the GST rate cut in August and early monsoon impact.

“We continue to value DIXON at 55x as company return ratios continue to remain healthy. We believe there could be risk to revenue in other products (Ex of mobile) as demand environment continues to be subdued,” it added.

Here's what Phillip Capital said:

Phillip Capital noted that the firm has cuts its FY27 mobile phone volume guidance to 55-60 million units from 60–65 million units. Mobile phone and electronic manufacturing services segment accounted for 90 percent of its revenue.

The brokerage said that the company missed Street's PAT estimates by 13 percent due to increase in minority interest in its Ismartu and Bharti subsidiary. It added that achieving volume guidance seems tricky given that the festive season is over and H2 is generally weak

Motilal Oswal sees 40% upside potential:

Motilal Oswal reiterated its ‘Buy’ rating on the stock, with a target price of Rs 22,500 per share. This implies an upside potential of nearly 40 percent from the stock’s previous closing price. “Dixon Technology’s 2QFY26 revenue/PAT came in line with our estimates, with the mobile segment registering a strong growth of 42% YoY. Due to the base effect of Ismartu integration and improved volumes from existing clients, mobile volumes jumped YoY during the quarter. This quarter's performance was hit to an extent by demand slowdown due to GST rate changes and the postponement of decision-making from customers,” the domestic brokerage said.

“Demand has started recovering for the consumer durable segment post GST rate cut, and we believe this will further be reflected in Q3 FY26 results. With continuous focus on backward integration through component PLI and plans for long-term JV agreements with clients, we believe DIXON will continue to benefit from volume and margin improvements even after the PLI period ends by Mar’26. We marginally revise our estimates to bake in improved margin performance in the home appliances segment,” it added.

The mobiles business remained a key growth driver for Dixon in Q2, with revenue from the mobiles and EMS vertical growing 41 percent YoY, while consumer electronics (-32 percent YoY) and home appliances (-3 percent YoY) remained weak, said JM Financial. “Dixon’s backward integration initiatives, including display assembly (expected Mar/Apr’26) and camera module assembly (consolidated w.e.f. Sep’25) appear to be largely on track. Dixon also indicated that it is in discussions with a large global ODM (FY27E potential of ~6mn smartphones), wherein mass manufacturing is expected by 4QFY26/1QFY27. That said, FY26/27E volume guidance remains unchanged at 40-42mn and 60-65mn smartphones respectively. While we cut our FY26E EPS estimates by 4.8% to accommodate for higher finance costs and minority interest, our FY27/28E estimates remain largely unchanged,” it added.

The domestic brokerage kept an ‘Add’ rating on the stock, with a target price of Rs 18,000 per share. This implies an upside potential of nearly 12 percent from the stock’s previous closing price.

Also read: Our LIVE blog on stock market updates

(With inputs from Reuters)

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

&amp;nbsp;

The shares of <a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/infosys/IT">Infosys</a> jumped nearly 5 percent on October 23 after promoters and promoter group, including Nandan M Nilekani and Sudha Murty, decided not to participate in the company's Rs 18,000 crore share buyback.

The shares of the company were trading at Rs 1,543.90 apiece on Thursday, emerging as the top gainer on the Nifty IT index, as well as benchmark indices Sensex and Nifty.

About Infosys share buyback:

Infosys on September 11 announced that its board has approved a share buyback proposal worth Rs 18,000 crore, its largest ever. The buyback price has been set at Rs 1,800 per share. This is the first buyback of shares announced by Infosys since 2022, when the company had agreed to a buyback proposal of Rs 9,300 crore.

<a href="https://www.moneycontrol.com/news/photos/business/markets/infosys-announces-rs-18-000-crore-share-buyback-what-it-means-for-the-it-firm-s-26-lakh-shareholders-13542647-7.html">Buyback refers to a corporate action</a> where a company repurchases its own shares from the existing shareholders. Infosys' buyback price of Rs 1,800 apiece marked a premium of more than 19 percent from the levels seen by the stock on the day it was announced in September.

Infosys promoters opt out of Rs 18,000-crore buyback:

In an exchange filing released on October 22, Infosys announced that its promoters and the promoter group have declared their<a href="https://www.moneycontrol.com/news/business/markets/infosys-rises-4-as-promoters-opt-out-of-rs-18-000-crore-share-buyback-nifty-it-surges-2-4-13628303.html"> intention to not participate in the buyback</a>.

As on September 30, 2025, promoters and promoter group of the company held 14.30 percent stake in the company, while 85.46 percent was held by public. Among the individual promoters, Infosys Co-founder Nandan Nilekani held 1.08 percent shares of the company.

NR Narayana Murthy and Sudha Murthy owned 0.40 percent and 0.91 percent stake respectively, while their children Rohan Murthy and Akshata Murthy held 1.60 percent and 1.03 percent stake in the company respectively.

Infosys Co-founder Kris Gopalakrishnan owned 0.84 percent stake, while his wife Sudha Gopalakrishnan owned 2.52 percent stake in the company. Notably, Sudha Gopalakrishnan held the biggest stake in the company among all the promoters.

Why promoters opting out of share buyback boosted Infosys shares?

"The promoters' decision to opt out of the buyback signals confidence in future prospects and improves the entitlement ratio for retail investors," Saurabh Jain, assistant vice president of retail equities at SMC Global told Reuters.

Promoters not cashing out signals confidence in the business prospects, and adding to the overall investor bullishness in IT sector, Anita Gandhi, founder and head of institutional business at Arihant Capital Markets told Reuters.

Infosys share price history:

Infosys shares jumped more than 6 percent in the past five days, and over 3 percent in the past one month. The stock is however down more than 18 percent in 2025 so far. Its P/E ratio currently stands at around 22.23.

Infosys Q2 FY26 earnings:

Infosys on October 16 reported a <a href="https://www.moneycontrol.com/news/business/earnings/infosys-q2-net-profit-jumps-13-2-on-year-to-rs-7-364-crore-co-declares-rs-23-dividend-13620034.html">net profit of Rs 7,364 crore for Q2 FY26</a>. This marks a 13.2 percent YoY rise from the Rs 6,506 crore net profit reported in Q2 FY25. The firm's revenue from operations meanwhile grew 8.5 percent to Rs 44,490 crore. Its expenses rose to Rs 35,243 crore.

Infosys announced an interim dividend of Rs 23 per equity share. The company has set October 27 as the record date to determine the eligibility of shareholders set to receive the payment.

Operating margin stood at 21% during the quarter. Free cash flow generation was strong at $1.1 billion, 131.1 percent of net profit. TCV of large deal wins was $3.1 billion, with net new of 67 percent. Employee headcount increased by 8,203.

Also read: <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-sensex-nifty-50-share-price-gift-nifty-latest-updates-23-10-2025-liveblog-13627799.html">Our LIVE blog on stock market updates</a>

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Infosys' promoters not to participate in Rs 18,000-crore share buyback. Why is it good news for retail investors?

The shares of Infosys jumped nearly 5 percent on October 23 after promoters and promoter group, including Nandan M Nilekani and Sudha Murty, decided not to participate in the company's Rs 18,000 crore share buyback.

The shares of the company were trading at Rs 1,543.90 apiece on Thursday, emerging as the top gainer on the Nifty IT index, as well as benchmark indices Sensex and Nifty.

About Infosys share buyback:

Infosys on September 11 announced that its board has approved a share buyback proposal worth Rs 18,000 crore, its largest ever. The buyback price has been set at Rs 1,800 per share. This is the first buyback of shares announced by Infosys since 2022, when the company had agreed to a buyback proposal of Rs 9,300 crore.

Buyback refers to a corporate action where a company repurchases its own shares from the existing shareholders. Infosys' buyback price of Rs 1,800 apiece marked a premium of more than 19 percent from the levels seen by the stock on the day it was announced in September.

Infosys promoters opt out of Rs 18,000-crore buyback:

In an exchange filing released on October 22, Infosys announced that its promoters and the promoter group have declared their intention to not participate in the buyback.

As on September 30, 2025, promoters and promoter group of the company held 14.30 percent stake in the company, while 85.46 percent was held by public. Among the individual promoters, Infosys Co-founder Nandan Nilekani held 1.08 percent shares of the company.

NR Narayana Murthy and Sudha Murthy owned 0.40 percent and 0.91 percent stake respectively, while their children Rohan Murthy and Akshata Murthy held 1.60 percent and 1.03 percent stake in the company respectively.

Infosys Co-founder Kris Gopalakrishnan owned 0.84 percent stake, while his wife Sudha Gopalakrishnan owned 2.52 percent stake in the company. Notably, Sudha Gopalakrishnan held the biggest stake in the company among all the promoters.

Why promoters opting out of share buyback boosted Infosys shares?

&quot;The promoters' decision to opt out of the buyback signals confidence in future prospects and improves the entitlement ratio for retail investors,&quot; Saurabh Jain, assistant vice president of retail equities at SMC Global told Reuters.

Promoters not cashing out signals confidence in the business prospects, and adding to the overall investor bullishness in IT sector, Anita Gandhi, founder and head of institutional business at Arihant Capital Markets told Reuters.

Infosys share price history:

Infosys shares jumped more than 6 percent in the past five days, and over 3 percent in the past one month. The stock is however down more than 18 percent in 2025 so far. Its P/E ratio currently stands at around 22.23.

Infosys Q2 FY26 earnings:

Infosys on October 16 reported a net profit of Rs 7,364 crore for Q2 FY26. This marks a 13.2 percent YoY rise from the Rs 6,506 crore net profit reported in Q2 FY25. The firm's revenue from operations meanwhile grew 8.5 percent to Rs 44,490 crore. Its expenses rose to Rs 35,243 crore.

Infosys announced an interim dividend of Rs 23 per equity share. The company has set October 27 as the record date to determine the eligibility of shareholders set to receive the payment.

Operating margin stood at 21% during the quarter. Free cash flow generation was strong at $1.1 billion, 131.1 percent of net profit. TCV of large deal wins was $3.1 billion, with net new of 67 percent. Employee headcount increased by 8,203.

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