infosys share price, why is Infosys stock falling drastically, people selling stock continuously, reached 52-week low – infosys share price today why infosys is falling
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Today Infosys Share Price Today has seen a decline of up to 0.20%. The stock was trading at a level of around Rs 1225 in the afternoon on the red mark. Infosys shares opened at Rs 1,228 in the morning. It also made a high of Rs.1230. However, during the closing of the stock market, the stock of Infosys closed with an increase. At the time of trading during the day, it had reached its low level of Rs 1218 at one point. The market cap of the company was Rs 5,21,930.34 crore on BSE.
Why are Infosys shares falling?
Let us tell you that the recently released Infosys Q4 Results have been less than expected. In the fourth quarter, the net profit of the company (Infosys Q4 Results) has increased by 8 percent to Rs 6,128 crore. If we talk about the company’s revenue, then it has reached Rs 37,441 crore with an increase of 16 percent. However, the company’s profit and revenue did not meet analyst estimates. Due to this, there is a continuous decline in the shares of the company. Here, brokerage firm JP Morgan had reduced the rating of Infosys in the past. Its effect has also been seen on the shares of Infosys.
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Investors are facing losses due to the fall in Infosys Share Price. Infosys shares have fallen by 3.28% in the last 5 days. On the other hand, if we talk about one month, then the shares of Infosys have fallen by 11.68%. On the other hand, in the last six months, the shares have declined by 19.68%. Infosys shares have fallen 21.42 per cent in a year. However, in the last 5 years, Infosys has given a return of 107.01% to the investors.
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