Infosys Limited (NSE: INFY, BSE: 500209; NYSE: INFY) heads into mid-December with two very “market-moving” narratives colliding in the same week: a major buyback formally wrapped up, and a promoter-family member disclosed a large on-market share sale—while the broader Street stays choosy about Indian IT going into 2026.
Below is a full, up-to-date round-up of the latest news, forecasts, and analyst/technical takes relevant as of 13.12.2025, plus the catalysts that can realistically move Infosys stock over the next few weeks.
Infosys share price snapshot: where the stock stands right now
Infosys shares ended Friday’s Indian session essentially flat, closing around ₹1,598.75 (up ~0.06% on the day), but lagged some large-cap IT peers in the same session. [1]
A few context points matter for how traders frame the setup:
- Infosys is still roughly 20% below its 52-week high (around ₹2,006.80 per MarketWatch’s data), which is a reminder that this is not a momentum darling right now—it’s more of a “prove it with execution” stock. [2]
- Trading volume in that session was reported as below the 50-day average, a subtle tell that the day’s move wasn’t driven by aggressive new positioning. [3]
In the U.S., Infosys’ ADR has also been trying to stabilize. Earlier in the week, the ADR closed at $18.07 after a strong session and remained well below its 52-week high, per MarketWatch. [4]
Biggest current corporate event: Infosys completes the ₹18,000 crore buyback
The headline: 100 million shares extinguished
Infosys formally notified stock exchanges that it has completed the extinguishment of 100,000,000 (10 crore) equity shares bought back via the tender offer route. The company’s letter is dated December 11, 2025. [5]
The same document lays out the post-extinguishment share capital math:
- Equity share capital (number of shares) before: 4,15,44,01,349
- Extinguished: 100,000,000
- Equity share capital after: 4,05,46,24,409 (with a note that this includes shares issued via RSUs). [6]
The buyback terms investors keep anchoring to
From the official Letter of Offer:
- Buyback size: up to ₹18,000 crore
- Buyback price: ₹1,800 per share
- Tender window: Nov 20, 2025 to Nov 26, 2025
- “Last date of extinguishment of equity shares”: Dec 12, 2025 [7]
Why the market cares (even after it’s “done”)
A completed buyback typically becomes a slow-burn factor in the stock’s story rather than a one-day spike:
- Share count down can mechanically help EPS (earnings per share) and other per-share metrics if operating performance holds up. [8]
- It reinforces Infosys’ shareholder-return posture—something management has explicitly tied to capital allocation.
Infosys also states (in its investor materials) that it expects to return approximately 85% of cumulative free cash flow over a five-year period via dividends and/or buybacks/special dividends, subject to conditions. [9]
Second major current headline: promoter-family sale disclosed (nearly 20 lakh shares)
A regulatory disclosure from Shreyas Shibulal (promoter family) states he sold 1,992,860 shares over two trading days:
- Dec 10, 2025: 9,09,318 shares at ~₹1,587.2504 per share
- Dec 11, 2025: 10,83,542 shares at ~₹1,592.7309 per share [10]
The disclosed proceeds total roughly ₹316.9 crore across the two days (based on the values shown in the filing). [11]
LiveMint also flagged the transaction in its “stocks to watch” coverage, framing it as ~19.92 lakh shares (about 0.05% stake) sold in Infosys during December 10–11. [12]
How markets usually interpret promoter sales (without melodrama)
Promoter/insider selling can mean many things—tax planning, diversification, philanthropy, liquidity, estate planning. The key for investors is pattern + context:
- One-off selling isn’t automatically bearish.
- Repeated selling, or selling tied to deteriorating fundamentals, is what tends to shift sentiment.
In this case, the sale lands right next to a completed buyback, which is why it got attention: it’s the classic “two signals at once” moment—company shrinking share count while a promoter-family holder reduces exposure.
Fundamentals investors keep coming back to: FY26 guidance and deal momentum
The most important operational anchor for Infosys stock right now remains what the company said in its latest reported quarter (Q2 FY26 results, released Oct. 16, 2025).
From Infosys’ official IFRS (USD) press release:
- Q2 revenue: $5,076 million
- Constant-currency growth: +2.2% QoQ, +2.9% YoY
- Operating margin: 21.0%
- Free cash flow: $1.1 billion, described as 131.1% of net profit
- Large deal TCV: $3.1 billion (with 67% net new) [13]
And the guidance line investors are laser-focused on:
- FY26 revenue growth guidance:2%–3% (constant currency)
- FY26 operating margin guidance:20%–22% [14]
This matters because earlier in 2025, Reuters reported a more cautious tone around FY26 due to global uncertainty and tighter client budgets—so the market has been watching whether Infosys can keep improving visibility and conversions. [15]
Current strategic narrative: AI products, “agentic” tooling, and big-ticket transformation deals
Infosys has been working hard to position itself as not just “IT services,” but AI-enabled transformation at scale, and several recent company announcements feed directly into that storyline:
- Infosys Topaz Fabric (Nov. 3, 2025): positioned as a composable stack of models, agents, flows, and AI apps designed to accelerate enterprise AI value realization. [16]
- AI-first GCC model (Nov. 17, 2025): an offering aimed at turning Global Capability Centers into AI-powered innovation hubs, using Infosys’ agentic and AI platforms. [17]
- AI agent for the energy sector (Nov. 2025): Infosys described an AI agent leveraging its AI and cloud offerings and Microsoft tooling to enhance operational workflows. [18]
On the “real revenue” side of the story, the mega-deal headline still in the background is Infosys’ £1.2 billion (~$1.6 billion) NHS contract disclosed in October, a long-duration transformation win that helped signal competitiveness in large public-sector programs. [19]
And in the broader IT ecosystem this week, Times of India reported that Infosys (along with peers) plans to deploy 50,000+ Microsoft Copilot licenses, part of a broader 200,000+ license push across major firms—another signal of internal AI adoption at scale. [20]
Analyst forecasts and price targets: what the Street is signaling
Consensus-type view: limited upside near term (India-listed)
One widely tracked consensus snapshot (via Trendlyne) shows:
- Average target price: ₹1,639.18
- Implied upside from ~₹1,598: about 2.56% [21]
That’s not a “to the moon” signal—it’s closer to “fairly valued unless execution surprises.”
More bullish trading/technical calls circulating this month
Economic Times highlighted a technical setup suggesting Infosys broke out of an ascending triangle pattern, with a cited target around:
- ₹2,000 in 3–4 months (with risk control via stop loss in typical technical-trade framing). [22]
Other brokerage notes surfaced in ET live coverage earlier this month with targets like:
- ₹1,810 (Choice Equity Broking reference in ET live updates). [23]
- ₹1,700 (Elara Capital reference in ET live updates). [24]
Take these for what they are: shorter-cycle views that can influence near-term flows, especially into earnings season.
ADR-side (U.S.-listed) target framing
For U.S. investors tracking INFY ADR, Zacks lists a range of analyst price targets (low to high) and an average that’s roughly around the then-recent price—i.e., not screaming mispricing either way. [25]
Macro and sector lens: why some strategists remain cautious on Indian IT into 2026
Even if Infosys executes well, the sector backdrop matters because large funds often allocate by sector weight, not just single-stock conviction.
In recent market strategy notes reported by Reuters:
- Jefferies has been more constructive on India overall for 2026 but cautious on IT in its sector stance. [26]
- Citi Research similarly projected upside for India’s Nifty into end-2026 while noting it is underweight on IT (again, sector positioning rather than a single-company call). [27]
The subtext: investors are still debating whether IT spending rebounds strongly enough (especially in discretionary transformation work) to justify a big rerating across Indian IT services—or whether the winners will be more idiosyncratic (deal-by-deal, platform-by-platform, AI productivity-by-productivity).
Next major catalyst: Infosys Q3 FY26 results (date now on the calendar)
Infosys’ own investor FAQ lists the tentative earnings release date for the quarter ending December 31, 2025 as January 14, 2026. [28]
That makes the next few weeks a classic pre-earnings battlefield where price action is driven by:
- Buyback/share-count optics settling in
- Deal-wins chatter and pipeline speculation
- Rupee and global risk sentiment
- Sector rotation (IT vs banks/industrials, etc.)
What to watch between now and earnings: a practical investor checklist
Infosys stock’s near-term direction usually comes down to a handful of measurable “tells”:
1) Deal conversion and large-deal quality
The market liked seeing $3.1B large-deal TCV with 67% net new in Q2. The question is whether that momentum sustains into Q3. [29]
2) Margins vs reinvestment
Infosys guided 20%–22% operating margin. Investors will be watching if AI delivery productivity offsets wage/operating pressures—without sacrificing growth. [30]
3) AI commercialization (not just AI marketing)
Press releases around Topaz Fabric and AI-first GCC offerings strengthen the narrative—but the earnings call is where investors look for proof: revenue contribution, attach rates, renewal wins, and measurable efficiency. [31]
4) Signals from insider/promoter activity
The Shreyas Shibulal sale is now in the public tape; how the market reacts going forward will depend on whether it’s isolated or part of a broader pattern. [32]
Bottom line: Infosys is in a “fundamentals + capital return” phase, not a hype cycle
As of Dec. 13, 2025, Infosys stock is being pulled by three competing forces:
- Supportive: a completed ₹18,000 crore buyback that reduces share count and reinforces shareholder returns. [33]
- Noisy/neutral-to-negative: a promoter-family sale large enough to spark headlines, even if it’s small relative to the company’s full equity base. [34]
- The real decider: execution into Q3 FY26 results on Jan. 14, 2026, especially around deal conversion, margins, and whether AI-led offerings translate into sustained growth. [35]
References
1. www.marketwatch.com, 2. www.marketwatch.com, 3. www.marketwatch.com, 4. www.marketwatch.com, 5. www.infosys.com, 6. www.infosys.com, 7. www.infosys.com, 8. www.infosys.com, 9. www.infosys.com, 10. bsmedia.business-standard.com, 11. bsmedia.business-standard.com, 12. www.livemint.com, 13. www.infosys.com, 14. www.infosys.com, 15. www.reuters.com, 16. www.infosys.com, 17. www.infosys.com, 18. www.infosys.com, 19. www.reuters.com, 20. timesofindia.indiatimes.com, 21. trendlyne.com, 22. m.economictimes.com, 23. m.economictimes.com, 24. m.economictimes.com, 25. www.zacks.com, 26. www.reuters.com, 27. www.reuters.com, 28. www.infosys.com, 29. www.infosys.com, 30. www.infosys.com, 31. www.infosys.com, 32. bsmedia.business-standard.com, 33. www.infosys.com, 34. bsmedia.business-standard.com, 35. www.infosys.com
