Infosys Share Price Soars by 7.84% to Close at ₹1,612.20 in Last Week’s Trading Session
During the trading session, the company’s share surged by 8% and reached ₹1,615.80
Indian stock market witnesses significant growth, with Sensex crossing 73,000 and Nifty surpassing 22,000
Experts from Yes Securities, Motilal Oswal, and MK Global Financial Firm recommend buying Infosys shares
Yes Securities sets a target price of ₹1,870, Motilal Oswal sets it at ₹1,750, and MK Global Financial Firm suggests it could reach ₹1,850
Infosys records a 7.3% decline in net profit in Q3 of FY 2023-24, with a net profit of ₹6,106 crore
However, the company’s operational revenue increased by 1.3% to ₹38,821 crore
Infosys secures orders worth $3.2 billion in the December 2023 quarter, hitting a new milestone
The board of directors approves the acquisition proposal of Bengaluru-based semiconductor design service provider, Insemi, for ₹280 crore
Infosys’ workforce stands at 3,22,663 on a yearly basis, marking a 7% reduction compared to the previous quarter
Employee count shows a 1.8% decline compared to the last quarter
Overall, Infosys’ share price is on the rise, with experts predicting further growth and recommending investors to buy. The company’s financial performance in Q3 shows a dip in net profit but an increase in operational revenue. With significant orders and a strategic acquisition, Infosys seems to be on a positive trajectory in the market.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
