Infosys strengthens on the bourses

19 Nov 2018

Infosys is currently trading at Rs. 656.50, up by 6.05 points or 0.93% from its previous closing of Rs. 650.45 on the BSE.

The scrip opened at Rs. 655.00 and has touched a high and low of Rs. 662.00 and Rs. 653.00 respectively. So far 28133 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 754.95 on 01-Oct-2018 and a 52 week low of Rs. 478.23 on 01-Dec-2017.

Last one week high and low of the scrip stood at Rs. 676.40 and Rs. 640.25 respectively. The current market cap of the company is Rs. 284141.47 crore.

The promoters holding in the company stood at 12.82%, while Institutions and Non-Institutions held 57.16% and 12.94% respectively.

Infosys has started construction on its US Education Center in Indianapolis. This state-of-the-art training campus and residential center for its employees and the employees of select clients will prepare the American workforce for the technology jobs of the future, and also begin to revitalize a 70.5 acre site on the West Side of Indianapolis on the grounds of the old Indianapolis airport terminal.

The company is providing an initial investment of $35 million to create the first 125,000 square feet of development, transforming the 70.5-acre site into an innovative training center. The company’s investment will fund major infrastructure efforts as well as beautification projects.

Infosys is a global leader in technology services and consulting. The company enables clients in 45 countries to create and execute strategies for their digital transformation.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719