Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Infosys Shares Decline Despite Overall Market Uptick

EditorVenkatesh Jartarkar
Published 09/25/2023, 12:42 PM
Updated 09/25/2023, 12:42 PM
© Reuters

In Monday's stock market trading, Infosys (NS:INFY) Ltd.'s shares saw a decrease of 1.42%, closing at 1,474.75 Indian rupees, despite the S&P BSE Sensex Index's marginal rise of 0.02% to 66,023.69, indicating an overall positive day for the market.

The IT company's shares ended the day at a significant distance from its 52-week high of 1,672.45 rupees, which it achieved on December 1, falling short by 197.70 rupees.

Infosys Ltd.'s performance on Monday was notably weaker compared to its business competitors. Shares of Tata Consultancy Services (NS:TCS) Ltd. recorded a less significant drop of 0.74%, closing at 3,577.15 rupees, while Wipro (NYSE:WIT) Ltd.'s shares declined by 1.05%, settling at 414.10 rupees.

In another development, Infosys Ltd.'s trading volume for the day surpassed its 50-day average volume of 377,860 trades by reaching 438,533 trades.

This information is based on data extracted from Dow Jones and FactSet by Automated Insights.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.