Infosys shares hit 52-week high as Q1 beats estimates; surge 20% in a month
Infosys shares touched a 52-week high of ₹1,843 today, rebounding 40% against its 52-week low of ₹1,311.60 touched on July 21, 2023.
Infosys shares touched a 52-week high of ₹1,843 today, rebounding 40% against its 52-week low of ₹1,311.60 touched on July 21, 2023.
The BSE IT index declined nearly 2% today, led by index heavyweights HCL Technologies, Wipro, Infosys, TCS, and Tech Mahindra.
Post Q2 results, the U.S.-listed shares of Infosys plunged 6.5% to $16.46 in overnight trade on NYSE after the IT heavyweight cut revenue guidance for the second in a row.
The U.S.-listed shares of Infosys plunged to $15.40 on NYSE, registering their biggest one-day selloff since December 2020.