Nomura expects Infosys to announce a buyback in the range of $1.3 billion to $1.9 billion at a maximum price of Rs 1,650, which is equivalent to 1.5-2 per cent of the outstanding equity. Nomura has retained Infosys as its top pick among Tier-1 IT stocks with a buy rating and a target price of Rs 1,620.
– Stocks-Markets-Economic Times
