Infosys Share: Should you buy or sell Infosys shares at 52-week low? Know what experts say – infosys tanks 12 percent hits 52-week low should you buy or sell
[ad_1]
At 10.34 am, Infosys shares were trading at Rs 1233.20, down Rs 155.40, or 11.19%, on the BSE. Earlier during the trading, it had reached Rs 1219.00, which is its 52-week low. Its 52-week high is Rs 1,672.45. It touched this level on December 1 last year. Infosys is the second largest IT company in the country. Tata Group’s TCS is at number one. Due to the decline in Infosys, the rest of the IT stocks are also seeing a huge decline.
What is brokerage
Jefferies has advised investors to buy Infosys shares. The brokerage firm has kept a target price of Rs 1570 on it, which is 13 per cent higher than its current price. Brokerage firm Nomura has neutral rating on it with a target price of Rs 1,290. HDFC Securities has upgraded its rating from Buy. The brokerage has given it a target price of Rs 1,470, an upside of 6% from the current price. Kotak Institutional Securities has a buy rating on it. The brokerage has given it a target price of Rs 1,470, an upside of 6 per cent from the current price.
[ad_2]
Source link
