Infosys stock closes at four-month high

[ahlam1399]

http://img-s-msn-com.akamaized.net/tenant/amp/entityid/AAqek6M.img?h=100&w=100&m=6&q=60&o=f&l=fThe Infosys stock on Thursday closed at a four-month high level on Thursday a day after the Bengaluru-based firm said it would consider a proposal for buyback of its equity shares at its meeting to be held on August 19. The stock was top gainer on Nifty 50 and the 30 stock Sensex. A share buyback is repurchase of a company's outstanding shares that reduces the number of shares in the open market. The buyback is carried out usually at a premium ...

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