Infosys, TCS share price Shares of Infosys were trading 1.49 per cent lower at Rs 1,497. TCS was up 0.91 per cent at Rs 3,747.40. The BSE IT index was down 0.23 per cent in an otherwise strong day for the market.
"We wish to reiterate that the company is committed to the merger with Sony and is continuing to work towards a successful closure of the proposed merger," it said in a clarification to the exchanges.
Foreign portfolio investors pumped in more than Rs 43,300 crore into the capital goods sector in 2023, and this was nearly six times higher than that in 2022, data by NSDL showed.
At the current price of Rs 26,620, the stock is trading at a forward PE of 80x for FY24, having gained close to 20 percent in the past three months. The valuation is much higher as compared to other FMCG companies