Infosys share falls over 5% post Q4 earnings; here s what brokerages say
Share of Infosys lost 5.59% to Rs 1320 against previous close of Rs 1,398.60 on BSE
BusinessToday.In | April 15, 2021 | Updated 12:30 IST
Infosys share trades higher than 50 day, 100 day and 200 day moving averages but lower than 5 day and 20 day moving averages.
Infosys share fell over 5% today despite the IT firm announcing a 17.5 per cent rise in net profit for quarter ended March 2021. Share of Infosys lost 5.59% to Rs 1320 against previous close of Rs 1,398.60 on BSE.
The stock opened with a loss of 3.14% at Rs 1,354.70. The share trades higher than 50 day, 100 day and 200 day moving averages but lower than 5 day and 20 day moving averages. However, the share has risen 6.74% since the beginning of this year and 109% in one year. Market cap of the IT firm fell to Rs 5.71 lakh crore on BSE.
Infosys Q4 result preview: What investors are expecting
Investors will closely watch Infosys revenue guidance for next fiscal year and its plans to achieve it. It is expected that it ll provide a revenue growth guidance of 12-14% in constant currency terms, with a buffer for upgrades in preceding months
BusinessToday.In | April 14, 2021 | Updated 11:56 IST
Infosys will post Rs 5,210.9 cr profit in Q4 of the financial year, says Bloomberg survey
IT services major Infosys Ltd will announce its Jan-March quarter financial results today. After a strong performance by IT bellwether Tata Consultancies Services (TCS), the market, as well as shareholders, will closely watch Infosys performance in Q4 and through the Covid-hit financial year.
Infosys Share Price: Shares were last trading 2.49 per cent lower at Rs 1,390.35 on BSE
Share price of IT major Infosys fell around three per cent on Tuesday, April 13, ahead of its fourth-quarter corporate earnings results due tomorrow - April 14, 2021. The shares of the country s second-largest software services company witnessed a decline today after it recently announced that the board will consider a proposal to buyback shares at its upcoming board meet on Wednesday, April 14, 2021. On Tuesday, Infosys opened on the BSE at Rs 1,433, touching an intra day high of Rs 1,435.95 and an intra day low of Rs 1,375, in the session so far. (
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IT major’s share hits 52-week high on account of buyback, third in 5 years
Share of IT major Infosys on Monday hit a 52-week high of 1,477.55 on the NSE on account of buyback news. The company has announced that it will consider a proposal for buying back fully paid-up equity shares at its board meeting to be held on April 13 and 14.Â
âThe board of the company will consider a proposal for buyback of fully paid-up equity shares of the company at its meeting to be held on April 14, in accordance with the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018,â the company statement said in a statement.
Infosys to consider share buyback on April 14
Infosys is expected to hold board meetings on April 13 and 14 to approve and take on record financial results for quarter and fiscal ended March 31, 2021
BusinessToday.In | April 11, 2021 | Updated 17:42 IST
Infosys will release its financial results for FY21 on April 14
Indian IT major Infosys will consider a share buyback plan in its board meeting scheduled on April 14. The Board of the Company will consider a proposal for buyback of fully paid-up equity shares of the Company at its meeting to be held on April 14, 2021, in accordance with the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018, the company said in a regulatory filing.