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Infosys trades under pressure after global client terminates $1.5 billion deal with the company

26 Dec 2023 Evaluate

Infosys is currently trading at Rs. 1545.35, down by 16.65 points or 1.07% from its previous closing of Rs. 1562.00 on the BSE.

The scrip opened at Rs. 1531.00 and has touched a high and low of Rs. 1548.00 and Rs. 1522.50 respectively. So far 185627 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1620.00 on 09-Feb-2023 and a 52 week low of Rs. 1215.45 on 25-Apr-2023.

Last one week high and low of the scrip stood at Rs. 1593.00 and Rs. 1516.40 respectively. The current market cap of the company is Rs. 640144.28 crore.

The promoters holding in the company stood at 14.89%, while Institutions and Non-Institutions held 68.97% and 16.13% respectively.

A global company has terminated a multi-year contract worth $1.5 billion with Infosys. Earlier, Infosys had announced on September 14, 2023 signing of a $1.5 billion deal with a global company to provide enhanced digital experience along with modernization and business operations services, leveraging Infosys platforms and AI (Artificial Intelligence) solutions. The deal was for a 15-year duration.

Infosys is a global leader in next-generation digital services and consulting.

Infosys Share Price

1318.60 -0.30 (-0.02%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
TCS 2581.65
Infosys 1318.60
HCL Tech. 1442.50
Wipro 204.35
Tech Mahindra 1511.85
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