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The shares of some consumer facing stocks dropped on September 9 as investors resorted to profit booking after strong rally following GST reforms announcement.

The <a href="https://www.moneycontrol.com/indian-indices/nifty-consr-durbl-122.html">Nifty Consumer Durables</a> index fell 0.12 percent to end the session at 39,639.30, standing in the red for the third consecutive session.

<a href="https://www.moneycontrol.com/india/stockpricequote/retail/trent/T04">Trent</a> shares dropped around 2 percent to close at Rs 5,223 apiece, extending losses for the third consecutive session. This comes after the stock recorded strong gains on expectations of rising demand following GST reforms. The stock's P/E ratio currently stands at around 123.68.

Trent shares have fallen more than 5 percent in the past five days, but gained nearly 9 percent in the past six months. The stock has fallen over 26 percent in 2025 so far.

<a href="https://www.moneycontrol.com/india/stockpricequote/diamondjewellery/kalyanjewellersindia/KJI01">Kalyan Jewellers</a> shares fell nearly 1 percent to close at Rs 501.50 apiece. After recording strong gains, the stock tumbled. The rising gold prices also raised concerns over falling demand as investors delay their plans to buy gold amid escalating prices.

Kalyan Jewellers shares currently have a P/E ratio of more than 65.

<a href="https://www.moneycontrol.com/india/stockpricequote/online-services/eternal/Z">Eternal</a> (formerly known as Zomato) shares dropped 1.2 percent to close at Rs 325.70 apiece. The stock has now snapped a six-session gaining streak. Nomura has also reiterated a 'Buy' rating on Eternal and raised its price target to Rs 370 per share from Rs 300 earlier. This implies an upside potential of more than 12 percent from the stock's previous closing price.

Eternal shares gained nearly 5 percent in the past one month, and over 54 percent in the past six months. The shares of the company hit an all time high of Rs 334.40 on September 5.

<a href="https://www.moneycontrol.com/india/stockpricequote/online-services/swiggy/SL24">Swiggy</a> shares meanwhile dropped 1.4 percent to close at Rs 436.90 apiece. The sharp rise came after Nomura initiated coverage on Swiggy with a 'Buy' rating and a price target of Rs 550 per share. This implies an upside potential of more than 24 percent over the previous closing price.

Swiggy shares have jumped 12 percent in September so far. The stock rose more than 2 percent in the past five days, and nearly 9 percent in the past one month. The shares of the food delivery giant dropped nearly 20 percent in 2025 so far.

Also read: <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-sensex-nifty-50-share-price-gift-nifty-latest-updates-09-09-2025-liveblog-13530739.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.

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Trent, Eternal, other consumer-facing stocks fall up to 2% on profit booking after GST 2.0

The shares of some consumer facing stocks dropped on September 9 as investors resorted to profit booking after strong rally following GST reforms announcement.

The Nifty Consumer Durables index fell 0.12 percent to end the session at 39,639.30, standing in the red for the third consecutive session.

Trent shares dropped around 2 percent to close at Rs 5,223 apiece, extending losses for the third consecutive session. This comes after the stock recorded strong gains on expectations of rising demand following GST reforms. The stock's P/E ratio currently stands at around 123.68.

Trent shares have fallen more than 5 percent in the past five days, but gained nearly 9 percent in the past six months. The stock has fallen over 26 percent in 2025 so far.

Kalyan Jewellers shares fell nearly 1 percent to close at Rs 501.50 apiece. After recording strong gains, the stock tumbled. The rising gold prices also raised concerns over falling demand as investors delay their plans to buy gold amid escalating prices.

Kalyan Jewellers shares currently have a P/E ratio of more than 65.

Eternal (formerly known as Zomato) shares dropped 1.2 percent to close at Rs 325.70 apiece. The stock has now snapped a six-session gaining streak. Nomura has also reiterated a 'Buy' rating on Eternal and raised its price target to Rs 370 per share from Rs 300 earlier. This implies an upside potential of more than 12 percent from the stock's previous closing price.

Eternal shares gained nearly 5 percent in the past one month, and over 54 percent in the past six months. The shares of the company hit an all time high of Rs 334.40 on September 5.

Swiggy shares meanwhile dropped 1.4 percent to close at Rs 436.90 apiece. The sharp rise came after Nomura initiated coverage on Swiggy with a 'Buy' rating and a price target of Rs 550 per share. This implies an upside potential of more than 24 percent over the previous closing price.

Swiggy shares have jumped 12 percent in September so far. The stock rose more than 2 percent in the past five days, and nearly 9 percent in the past one month. The shares of the food delivery giant dropped nearly 20 percent in 2025 so far.

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.

<a href="https://www.moneycontrol.com/india/stockpricequote/constructioncontracting-real-estate/sunteckrealty/SR05">Sunteck Realty</a> shares declined over 2 percent on Monday as investors booked profits after the stock surged nearly 16 percent in the previous two sessions.

On the NSE, the stock touched an intraday low of Rs 441.70, down 3.15 per cent, before closing at Rs 444.90, a fall of 2.44 per cent. According to BSE data, the counter has gained more than 15 percent in the past one month.

Global brokerage Jefferies has maintained a 'Buy' rating on the stock with a target price of Rs 575, noting that it trades at over 35 percent discount to net asset value, thereby limiting downside risks.

The company recently announced a Rs 500-crore preferential issue of 1.17 crore warrants at Rs 425 each. Promoters will subscribe to 66.5 percent of the issue, while investors such as Utpal Sheth, Mukul Agrawal and NT Asian Fund are also participating.

For the first quarter of the current fiscal, Sunteck Realty reported a 47 percent rise in consolidated net profit at Rs 33.43 crore, compared to Rs 22.78 crore in the year-ago period. Total income, however, declined to Rs 201.53 crore in April-June 2025-26 from Rs 328.01 crore in the same quarter of the previous year, the company said in a regulatory filing.

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.

Sunteck Realty shares see profit-booking after 16% rise in two sessions; here's what Jefferies says

Sunteck Realty shares declined over 2 percent on Monday as investors booked profits after the stock surged nearly 16 percent in the previous two sessions.

On the NSE, the stock touched an intraday low of Rs 441.70, down 3.15 per cent, before closing at Rs 444.90, a fall of 2.44 per cent. According to BSE data, the counter has gained more than 15 percent in the past one month.

Global brokerage Jefferies has maintained a 'Buy' rating on the stock with a target price of Rs 575, noting that it trades at over 35 percent discount to net asset value, thereby limiting downside risks.

The company recently announced a Rs 500-crore preferential issue of 1.17 crore warrants at Rs 425 each. Promoters will subscribe to 66.5 percent of the issue, while investors such as Utpal Sheth, Mukul Agrawal and NT Asian Fund are also participating.

For the first quarter of the current fiscal, Sunteck Realty reported a 47 percent rise in consolidated net profit at Rs 33.43 crore, compared to Rs 22.78 crore in the year-ago period. Total income, however, declined to Rs 201.53 crore in April-June 2025-26 from Rs 328.01 crore in the same quarter of the previous year, the company said in a regulatory filing.

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 IT companies surged on September 9, pushing the sectoral index sharply into the green. The Nifty IT index rose nearly 3 percent, snapping a five-day losing streak.

The <a href="https://www.moneycontrol.com/indian-indices/nifty-it-19.html">IT index</a> ended the session at 35,255.90. It was the top sectoral gainer on the market today.

Infosys shares led the gains, jumping nearly 5 percent to trade at Rs 1,502.40 apiece. <a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/wipro/W">Wipro</a> shares followed, surging nearly 3 percent. Tech Mahindra, Persistent Systems and Mphasis shares gained more than 2 percent each, while Coforge, LTI Mindtree and HCL Technologies shares rose nearly 2 percent. Tata Consultancy Services (<a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/tataconsultancyservices/TCS">TCS</a>) shares were up more than 1 percent.

Here are the possible triggers for the sharp rise:

US Fed rate cut expectations:

The US Federal Reserve is set to hold its FOMC meeting from September 16 to September 17. Analysts increasingly expect the American central bank to cut its rates this time, amid weakening jobs data and rising pressure from President Donald Trump's administration.

Analysts now expect a 50-basis point rate cut at the September FOMC meeting. "August labor market data has paved the way for a 'catch-up' 50 basis point rate cut at the September FOMC meeting, similar to what occurred at this time last year," said Standard Chartered in its latest note, doubling its earlier projection of a 25-bp reduction, following a soft August jobs report.

A rate cut in the US will likely increase the discretionary spending capacity, which will likely help the IT companies which derive a major portion of their revenue from the American market.

Infosys board to consider share buyback proposal:

The shares of Infosys jumped more than 4 percent after the company announced that its board will meet on September 11 to consider a <a href="https://www.moneycontrol.com/news/business/markets/infosys-shares-jump-3-ahead-of-board-meet-to-consider-share-buyback-proposal-on-sept-11-13531359.html">proposal for buyback of fully paid-up equity shares</a>. If approved, this will be the first buyback of shares announced by India's second-largest IT firm since 2022, when the company had agreed to a buyback proposal of Rs 9,300 crore with a minimum buyback price of Rs 1,850 per share.

Infosys made the announcement in the post market hours of September 8. The stock jumped more than 4 percent to trade at Rs 1,494 apiece on September 9, snapping a five-session losing streak. It is currently the top gainer on the Nifty IT index, as well as benchmark indices Sensex and Nifty.

The sharp rise in heavyweight <a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/infosys/IT">Infosys</a> was the top contributor to the rise in the Nifty IT index.

Value buying:

The IT stocks have seen significant correction in recent days, amid tariff uncertainties and global worries. The Nifty IT index dropped nearly 4 percent in just five consecutive sessions. The sharp rise in the sector today may come as investors resort to value buying after significant correction.

"The IT stocks' rise today, especially with Infosys' buyback offer, highlights the speed at which sentiment can shift to positive when there are global and local triggers. The dual tailwinds from GST rationalization and anticipation of a U.S. Fed rate reduction are acting as a long-needed support to Indian equities, insulating them from global tariff and demand uncertainties," said Siddharth Maurya, Founder &amp; Managing Director, Vibhavangal Anukulakara Pvt. Ltd.

"Though the IT industry has taken a hit this year, these decisions are evidence of resilience and the industry's core position in India's growth narrative. To investors, it is a reminder that long-term value resides in remaining aligned to structural pillars, even in times of short-term churn," the analyst added.

Bhavik Joshi, Business Head, INVasset PMS, however advised caution. "Foreign investors remain cautious, discouraging a sustained rally. While local policy cues and GST relief offer seasonal optimism, the lack of a sharp earnings turnaround or acceleration in contract wins keeps sentiment muted. The buyback announcement from Infosys may provide a short-lived jolt, yet the broader narrative remains one of structural caution rather than exuberance," he said.

"In essence, what separates IT from other sectors today is the 'global tether'. The expectation of a U.S. rate cut may lift overall market sentiment, but until global tech spend and deal pipelines visibly recover, IT will lag broader indices. For now, this underperformance reflects prudence—not weakness—and positions IT for a selective comeback once global visibility returns," he added.

Renewed optimism around capital allocation, coupled with easing rate-cut expectations globally, fueled broad-based gains across the sector, said Ajit Mishra – SVP, Research, Religare Broking. "However, participants shouldn't get carried away with a single day move and should wait for some signs of stability citing the prolonged underperformance," he added.

Also read: <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-sensex-nifty-50-share-price-gift-nifty-latest-updates-09-09-2025-liveblog-13530739.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.

Nifty IT index rises 3%, snaps five-day losses; Infosys, Wipro lead gains: Here are three reasons

The shares of IT companies surged on September 9, pushing the sectoral index sharply into the green. The Nifty IT index rose nearly 3 percent, snapping a five-day losing streak.

The IT index ended the session at 35,255.90. It was the top sectoral gainer on the market today.

Infosys shares led the gains, jumping nearly 5 percent to trade at Rs 1,502.40 apiece. Wipro shares followed, surging nearly 3 percent. Tech Mahindra, Persistent Systems and Mphasis shares gained more than 2 percent each, while Coforge, LTI Mindtree and HCL Technologies shares rose nearly 2 percent. Tata Consultancy Services (TCS) shares were up more than 1 percent.

Here are the possible triggers for the sharp rise:

US Fed rate cut expectations:

The US Federal Reserve is set to hold its FOMC meeting from September 16 to September 17. Analysts increasingly expect the American central bank to cut its rates this time, amid weakening jobs data and rising pressure from President Donald Trump's administration.

Analysts now expect a 50-basis point rate cut at the September FOMC meeting. &quot;August labor market data has paved the way for a 'catch-up' 50 basis point rate cut at the September FOMC meeting, similar to what occurred at this time last year,&quot; said Standard Chartered in its latest note, doubling its earlier projection of a 25-bp reduction, following a soft August jobs report.

A rate cut in the US will likely increase the discretionary spending capacity, which will likely help the IT companies which derive a major portion of their revenue from the American market.

Infosys board to consider share buyback proposal:

The shares of Infosys jumped more than 4 percent after the company announced that its board will meet on September 11 to consider a proposal for buyback of fully paid-up equity shares. If approved, this will be the first buyback of shares announced by India's second-largest IT firm since 2022, when the company had agreed to a buyback proposal of Rs 9,300 crore with a minimum buyback price of Rs 1,850 per share.

Infosys made the announcement in the post market hours of September 8. The stock jumped more than 4 percent to trade at Rs 1,494 apiece on September 9, snapping a five-session losing streak. It is currently the top gainer on the Nifty IT index, as well as benchmark indices Sensex and Nifty.

The sharp rise in heavyweight Infosys was the top contributor to the rise in the Nifty IT index.

Value buying:

The IT stocks have seen significant correction in recent days, amid tariff uncertainties and global worries. The Nifty IT index dropped nearly 4 percent in just five consecutive sessions. The sharp rise in the sector today may come as investors resort to value buying after significant correction.

&quot;The IT stocks' rise today, especially with Infosys' buyback offer, highlights the speed at which sentiment can shift to positive when there are global and local triggers. The dual tailwinds from GST rationalization and anticipation of a U.S. Fed rate reduction are acting as a long-needed support to Indian equities, insulating them from global tariff and demand uncertainties,&quot; said Siddharth Maurya, Founder &amp;amp; Managing Director, Vibhavangal Anukulakara Pvt. Ltd.

&quot;Though the IT industry has taken a hit this year, these decisions are evidence of resilience and the industry's core position in India's growth narrative. To investors, it is a reminder that long-term value resides in remaining aligned to structural pillars, even in times of short-term churn,&quot; the analyst added.

Bhavik Joshi, Business Head, INVasset PMS, however advised caution. &quot;Foreign investors remain cautious, discouraging a sustained rally. While local policy cues and GST relief offer seasonal optimism, the lack of a sharp earnings turnaround or acceleration in contract wins keeps sentiment muted. The buyback announcement from Infosys may provide a short-lived jolt, yet the broader narrative remains one of structural caution rather than exuberance,&quot; he said.

&quot;In essence, what separates IT from other sectors today is the 'global tether'. The expectation of a U.S. rate cut may lift overall market sentiment, but until global tech spend and deal pipelines visibly recover, IT will lag broader indices. For now, this underperformance reflects prudence—not weakness—and positions IT for a selective comeback once global visibility returns,&quot; he added.

Renewed optimism around capital allocation, coupled with easing rate-cut expectations globally, fueled broad-based gains across the sector, said Ajit Mishra – SVP, Research, Religare Broking. &quot;However, participants shouldn't get carried away with a single day move and should wait for some signs of stability citing the prolonged underperformance,&quot; he added.

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.

Glenmark Pharma's wholly owned subsidiary, Ichnos Glenmark Innovation (IGI) has received an upfront payment of $700 million from NYSE-listed AbbVie for a molecule used in cancer treatment, the company informed exchanges, sending the shares higher by over two percent in early trade on September 9.

"The payment is in accordance with the agreed contractual terms and is being made towards an exclusive global licensing agreement for IGI’s lead investigational molecule- ISB 2001 - across North America, Europe, Japan, and Greater China markets," <a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticals/glenmarkpharma/GP08">Glenmark Pharma</a> said.

Earlier this year, Ichnos Glenmark Innovation (IGI) and AbbVie had announced an exclusive Global Licensing
Agreement for ISB 2001, which is a Trispecific Antibody for Multiple Myeloma. Under the terms of the
first-of-its-kind agreement for an Indian biotech player, AbbVie has exclusive rights to develop, manufacture, and commercialize ISB 2001 in North America, Europe, Japan, and Greater China.

Read More: <a href="https://www.moneycontrol.com/news/business/stocks/a-2-billion-shot-in-the-arm-why-glenmark-s-abbvie-deal-could-trigger-rerating-13264819.html">A $2 billion shot in the arm: Why Glenmark’s AbbVie deal could trigger re-rating</a>

The exclusive global licensing pact features $700 million as upfront payment and $1.225 billion in milestones, in addition to tiered, double-digit royalties on net sales.

In an interview with Moneycontrol on July 14, Glenn Saldanha, Chairman and Managing Director of Glenmark said the deal with <a href="https://www.moneycontrol.com/news/business/stocks/glenn-saldanha-glenmark-s-r-d-unit-now-self-sufficient-for-years-after-landmark-abbvie-deal-13278839.html">AbbVie has 'de-risked' the company</a> and made the R&amp;D unit self-sufficient and self-sustaining for at least 3-4 years.

"Effectively, by partnering, we've passed on the risk and de-risked ourselves. We've taken some money off the table. Crucially, we've retained the rights for emerging markets, including India. So, we've basically de-risked part of the asset by partnering with a big pharma and effectively monetising it," Glenn Saldanha said.

Glenmark is India’s 11th largest pharma company by market capitalisation and 12th in terms of FY25 revenue.

Glenmark shares higher as subsidiary gets $700 million from NYSE-listed AbbVie in licensing deal

Glenmark shares rally as subsidiary gets $700 million from NYSE-listed AbbVie in licensing deal

Glenmark Pharma's wholly owned subsidiary, Ichnos Glenmark Innovation (IGI) has received an upfront payment of $700 million from NYSE-listed AbbVie for a molecule used in cancer treatment, the company informed exchanges, sending the shares higher by over two percent in early trade on September 9.

&quot;The payment is in accordance with the agreed contractual terms and is being made towards an exclusive global licensing agreement for IGI’s lead investigational molecule- ISB 2001 - across North America, Europe, Japan, and Greater China markets,&quot; Glenmark Pharma said.

Earlier this year, Ichnos Glenmark Innovation (IGI) and AbbVie had announced an exclusive Global Licensing
Agreement for ISB 2001, which is a Trispecific Antibody for Multiple Myeloma. Under the terms of the
first-of-its-kind agreement for an Indian biotech player, AbbVie has exclusive rights to develop, manufacture, and commercialize ISB 2001 in North America, Europe, Japan, and Greater China.

Read More: A $2 billion shot in the arm: Why Glenmark’s AbbVie deal could trigger re-rating

The exclusive global licensing pact features $700 million as upfront payment and $1.225 billion in milestones, in addition to tiered, double-digit royalties on net sales.

In an interview with Moneycontrol on July 14, Glenn Saldanha, Chairman and Managing Director of Glenmark said the deal with AbbVie has 'de-risked' the company and made the R&amp;amp;D unit self-sufficient and self-sustaining for at least 3-4 years.

&quot;Effectively, by partnering, we've passed on the risk and de-risked ourselves. We've taken some money off the table. Crucially, we've retained the rights for emerging markets, including India. So, we've basically de-risked part of the asset by partnering with a big pharma and effectively monetising it,&quot; Glenn Saldanha said.

Glenmark is India’s 11th largest pharma company by market capitalisation and 12th in terms of FY25 revenue.

The shares of <a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/infosys/IT">Infosys</a> jumped nearly 5 percent on September 9 after the company announced that its board will meet on September 11 to consider a proposal for buyback of fully paid-up equity shares.

If approved, this will be the first <a href="https://www.moneycontrol.com/news/business/markets/infosys-board-to-mull-share-buyback-proposal-on-september-11-13530282.html">buyback of shares</a> announced by India's second-largest IT firm since 2022, when the company had agreed to a buyback proposal of Rs 9,300 crore with a minimum buyback price of Rs 1,850 per share.

Infosys made the announcement in the post market hours of September 8. The stock jumped around percent to close at Rs 1,502.40quote apiece on September 9, snapping a five-session losing streak. It is currently the top gainer on the <a href="https://www.moneycontrol.com/indian-indices/nifty-it-19.html">Nifty IT index</a>, as well as benchmark indices Sensex and Nifty.

The Nifty IT index rose nearly 3 percent in the afternoon to 35,255.90 as sharp rise in heavyweights Infosys and <a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/wipro/W">Wipro</a> contributed to the uptick in the sectoral index.

Infosys shares have dropped around 12 percent in the past six months, and are down nearly 21 percent in 2025 so far. This comes amid macroeconomic uncertainties following US President Donald Trump's harsh tariffs.

"Infosys is set to consider a share buyback on September 11.  This decision comes at a crucial time when technology stocks face headwinds, and the buyback may provide much-needed support to investor confidence," said Devarsh Vakil, Head of Prime Research at HDFC Securities.

In the <a href="https://www.moneycontrol.com/news/business/earnings/infosys-q1-net-profit-up-8-7-on-year-to-rs-6-921-crore-beats-street-estimate-13313535.html">first quarter of the ongoing financial year 2026</a>, Infosys reported an 8.7 percent year-on-year rise in consolidated net profit to Rs 6,921 crore, beating expectations. Revenue for the quarter grew 7.5 percent on-year to Rs 42,279 crore.

Infosys said it expects revenue growth of 1–3 percent in constant currency terms for FY26, revised up from 0-3 percent earlier. The firm maintained its operating margin guidance at 20–22 percent.

Also read: <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-sensex-nifty-50-share-price-gift-nifty-latest-updates-09-09-2025-liveblog-13530739.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 shares jump 5% ahead of board meet to consider share buyback proposal on Sept 11

Infosys share price jumps 5% ahead of board meet to consider share buyback proposal on Sept 11

The shares of Infosys jumped nearly 5 percent on September 9 after the company announced that its board will meet on September 11 to consider a proposal for buyback of fully paid-up equity shares.

If approved, this will be the first buyback of shares announced by India's second-largest IT firm since 2022, when the company had agreed to a buyback proposal of Rs 9,300 crore with a minimum buyback price of Rs 1,850 per share.

Infosys made the announcement in the post market hours of September 8. The stock jumped around percent to close at Rs 1,502.40quote apiece on September 9, snapping a five-session losing streak. It is currently the top gainer on the Nifty IT index, as well as benchmark indices Sensex and Nifty.

The Nifty IT index rose nearly 3 percent in the afternoon to 35,255.90 as sharp rise in heavyweights Infosys and Wipro contributed to the uptick in the sectoral index.

Infosys shares have dropped around 12 percent in the past six months, and are down nearly 21 percent in 2025 so far. This comes amid macroeconomic uncertainties following US President Donald Trump's harsh tariffs.

&quot;Infosys is set to consider a share buyback on September 11.  This decision comes at a crucial time when technology stocks face headwinds, and the buyback may provide much-needed support to investor confidence,&quot; said Devarsh Vakil, Head of Prime Research at HDFC Securities.

In the first quarter of the ongoing financial year 2026, Infosys reported an 8.7 percent year-on-year rise in consolidated net profit to Rs 6,921 crore, beating expectations. Revenue for the quarter grew 7.5 percent on-year to Rs 42,279 crore.

Infosys said it expects revenue growth of 1–3 percent in constant currency terms for FY26, revised up from 0-3 percent earlier. The firm maintained its operating margin guidance at 20–22 percent.

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.

Auto Ancillaries - Air Conditioning Parts Industry Stocks
Check latest stock performance, list of stocks, earnings review & more details about the Auto Ancillaries - Air Conditioning Parts industry stocks.

Gainers/Losers

Industry Market Map

Earnings Review-Q1 FY25-26

Stock News

Trent, Eternal, other consumer-facing stocks fall up to 2% on profit booking after GST 2.0

Sunteck Realty shares see profit-booking after 16% rise in two sessions; here's what Jefferies says

Nifty IT index rises 3%, snaps five-day losses; Infosys, Wipro lead gains: Here are three reasons

Glenmark shares higher as subsidiary gets $700 million from NYSE-listed AbbVie in licensing deal

Infosys shares jump 5% ahead of board meet to consider share buyback proposal on Sept 11

Auto Ancillaries - Air Conditioning Parts Industry StocksCheck latest stock performance, list of stocks, earnings review & more details about the Auto Ancillaries - Air Conditioning Parts industry stocks.

Gainers/Losers

Industry Market Map

Earnings Review-Q1 FY25-26

Stock News

Trent, Eternal, other consumer-facing stocks fall up to 2% on profit booking after GST 2.0

Sunteck Realty shares see profit-booking after 16% rise in two sessions; here's what Jefferies says

Nifty IT index rises 3%, snaps five-day losses; Infosys, Wipro lead gains: Here are three reasons

Glenmark shares higher as subsidiary gets $700 million from NYSE-listed AbbVie in licensing deal

Infosys shares jump 5% ahead of board meet to consider share buyback proposal on Sept 11

Auto Ancillaries - Air Conditioning Parts Industry Stocks
Check latest stock performance, list of stocks, earnings review & more details about the Auto Ancillaries - Air Conditioning Parts industry stocks.