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Shares of IT major Infosys gained 2% to an intraday high of Rs 1,535 on the BSE, ahead of its share buyback meeting scheduled for Thursday, September 11. If approved, this will be the company’s fifth share buyback.Data from ET Intelligence Group (ETIG) shows that from the day of such announcements, Infosys shares rose on three out of four occasions over three- and six-month periods. During one-month periods, however, performance has been mixed.The last buyback took place in 2022, when the company spent Rs 9,300 crore to repurchase shares via the open market. In fact, all of the last three buybacks were conducted through the open market, not via the tender offer route. It remains to be seen whether the company will adopt the tender offer or the open market route this time.“The last buyback didn’t really help the stock deliver much in the medium to long term. However, the current scenario looks different — valuations are now more attractive than they were back then, and the stock has been consolidating at lower levels for quite some time,” market expert Neeraj Dewan said.From a technical standpoint, Infosys’ relative strength index (RSI) has risen to 53.27, according to StockEdge data. An uptrend signal is generated when the RSI crosses above 50 from below. “RSI trending up” indicates rising values, suggesting renewed momentum in the stock price.At around 11:20 am, shares of Infosys were trading at Rs 1,530, up 1.7% from the previous close. The stock remains down more than 18% year-to-date.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Shares of Vikram Solar Ltd rallied as much as 13% to touch an intraday high of Rs 408 on the NSE on Wednesday after investors cheered the renewable energy company’s robust first-quarter earnings. With today’s gain, the stock is up for a third consecutive session.Vikram Solar’s consolidated net profit for the quarter stood at Rs 133 crore, marking a massive 484% jump from the Rs 23 crore reported in the same quarter of the previous fiscal year. The company's revenue from operations also displayed impressive growth, up 80% to Rs 1,134 crore, Vikram Solar’s official regulatory filing showed.As for earnings before interest, tax, depreciation and amortisation (EBITDA) margin, Vikram reported a sharp increase of 370 basis points to 21.4% for the quarter under review. The company said it is benefiting from several structural trends, including rising energy demand driven by AI, an imminent boom in solar and storage, and strong policy support to scale the supply chain.It added that the ongoing shift toward a self-sustaining market is also creating opportunities, with integrated players expected to emerge as the key winners.Vikram Solar is one of India's largest Solar PV module manufacturers, growing from 4.5 GW operational capacity in FY25 to 17.5 GW in 2 years. As of June 30, 2025, the company’s order book stood at 10.96 GW.In a separate development, the company announced a significant order win of 336 MW high-efficiency solar modules from Larsen & Toubro (L&T) Construction. The modules will be deployed in Khavda, Gujarat, a region where Vikram Solar has already played a major role in solar capacity expansion.As part of this order, Vikram Solar will supply its advanced Hypersol G12R modules, built on N-type technology. The latest module offers improved bifaciality of up to 80%, better high-temperature performance, and minimal year-on-year degradation of ≤0.4%.Also read: Gokaldas Exports, KPR Mill & other textile stocks surge up to 7% on hopes of Trump's tariff U-turnAt about 10:10 am, shares of the company were trading at Rs 402.6, higher by 11.65% from the last close. Vikram Solar made its stock market debut on August 26, listing at a premium of 2% over the issue price.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Shares of textile companies jumped up to 7% on Wednesday after US President Donald Trump said on Truth Social that negotiations for a trade deal with India remain ongoingBy 10 am, shares of Gokaldas Exports and Welspun Living surged 7% to their day's highs of Rs 820 and Rs 127, respectively, while Pearl Global rose 7% to Rs 1,365. Kitex Garments, with nearly 70% of sales from the US, hit a 5% upper circuit at Rs 195.63. KPR Mill gained 3% to Rs 1,029, Raymond Lifestyle touched Rs 1,338, and Trident advanced 6% to Rs 30.Trump said the two nations continue to address trade barriers and voiced confidence in reaching a successful agreement. Prime Minister Narendra Modi also echoed the same optimism on X (formerly Twitter), saying ‘I am confident that our trade negotiations will pave the way for unlocking the limitless potential of the India-US partnership. <blockquote class="twitter-tweet"><p lang="en" dir="ltr">India and the US are close friends and natural partners. I am confident that our trade negotiations will pave the way for unlocking the limitless potential of the India-US partnership. Our teams are working to conclude these discussions at the earliest. I am also looking forward… <a href="https://t.co/3K9hlJxWcl">pic.twitter.com/3K9hlJxWcl</a></p>&mdash; Narendra Modi (@narendramodi) <a href="https://twitter.com/narendramodi/status/1965597878237139351?ref_src=twsrc%5Etfw">September 10, 2025</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>Also read | Explained: Why are Vedanta investors disappointed on Rs 17,000-crore Jaiprakash acquisition bidOther major triggers that could be beneficial for the textile majors include the India-UK Free Trade Agreement (FTA). The deal is expected to aid textile exporters by removing the 10–12% duty that had previously hurt them against competitors. The deal now gives India parity with Cambodia, Pakistan, and Bangladesh, which already enjoy duty-free access.In addition, the new GST rate on readymade garments priced up to Rs 2,500 has been reduced to 5% from 12%. Man-made fibres, yarns, handloom, handicrafts, and carpets will also face a lower uniform rate of 5%.Read more | Explained: What Infosys buyback proposal means for 26 lakh shareholdersTextile stocks have faced selling pressure ever since Trump imposed an additional 25% tariff on India, raising duties on Indian exports to nearly 50%. This is far steeper than the 20% levied on peers Bangladesh and Vietnam, undercutting the country’s edge in key categories such as apparel.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)