RailTel and Infosys have both seen their shares jump on Tuesday morning, but for very different reasons.
RailTel share price gained more than 6 per cent in morning trade on Tuesday after the company announced multiple project wins from the State Project Director (SPD), Bihar Education Project Council (BEPC).
Infosys shares rose over 3 per cent as the IT major is set to consider a proposal for the buyback of its equity shares at a board meeting scheduled for September 11.
Three orders for RailTel
For RailTel, it is like the company that suddenly landed a jackpot. The digital infrastructure giant snagged three massive projects from the BEPC.
These aren’t small orders; they’re worth a whopping Rs 257.50 crore for setting up smart classrooms, another ₹44.22 crore for ICT labs, and a third for ₹89.92 crore to provide learning materials for young students.
All these projects have a deadline of March 31 2026. The news of these huge orders came out after the market closed on Monday, and investors did not waste any time with RailTel stock
Infy back on track
IT giant Infosys has fallen nearly 25 per cent over the past year, as the Indian IT sector struggles with global economic uncertainty. But on Tuesday, Infosys shares gained after the company announced that its board will meet on September 11 to discuss a share buyback proposal.
A share buyback is a strategic move where a company purchases its own shares from the market. This reduces the number of shares available, which can potentially boost the earnings per share and show that the company has faith in its own financial health.
Buybacks are always positive to the market—it is seen as a vote of confidence. This news, combined with Infosys’s recent Q1 results—where they reported a 9 per cent year-on-year rise in net profit—seems to have given investors a much-needed morale boost.
