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Dim days in the trade. There is no silver lining for Infosys

Admin - 2 years ago

Trading has been halted for some time. Infosys hits lower circuit, drops 10% in morning trade. Each share of Infosys was trading at rupees 1250, 30 per share on the NSE (National stock exchange) down rupees 138.90 or 10%. On the Bombay stock exchange share price (BSE) share price of Infosys was at 1249.75 per share, down 10% or rupees 138.85 shares on Monday morning. There are over 27 lakh sell orders with no buyers for the stock. Over the past week, Infosys has dropped 2.4% 6.11% over the past 3 months, and over 20% in the past year. 52-week low for the share price is at rupees 1355 per share which is broken today. Infosys missed the street’s revenue and profit expectations from the March quarter. Though the queue 4 results were issued past marketing hours in India. 

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