Infosys shares extend slide, down 4.5 pc

The scrip of Infosys continued to

reel under pressure for the second consecutive session today,

falling 4.5 per cent, despite the company's share buyback

announcement.

Even after a positive opening, the stock failed to hold

on the momentum and later slipped 4.39 per cent to hit its

one-year low of Rs 882.55 on BSE.

On NSE, shares of the company went down by 4.55 per cent

to Rs 881.15 -- its 52-week low.

The stock was the biggest loser among the blue chips on

both the key indices during the morning trade.

Vishal Sikka's surprise resignation as Infosys CEO threw

the stock off-track as it had plummeted nearly 10 per cent in

Friday's trade also.

The company's board on Saturday approved the share

buyback plan of up to Rs 13,000 crore to reward shareholders.

The buyback price of Rs 1,150 per share was nearly 25 per

cent higher than Friday's closing of Rs 923.10 apiece.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)