27-Mar-2024
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Infosys is a leading global IT services provider, with nearly 250,000 employees. Based in Bangalore, the Indian IT services firm leverages its offshore outsourcing model to derive 60% of its revenue from North America. The company offers traditional IT services offerings: consulting, managed services and cloud infrastructure services, and business process outsourcing as a service (BPaaS).
Infosys Limited American Depositary Shares trades on the NYSE stock market under the symbol INFY.
As of March 27, 2024, INFY stock price climbed to $17.79 with 5,141,540 million shares trading.
INFY has a beta of 0.60, meaning it tends to be less sensitive to market movements. INFY has a correlation of 0.08 to the broad based SPY ETF.
INFY has a market cap of $73.63 billion. This is considered a Large Cap stock.
Last quarter Infosys Limited American Depositary Shares reported $5 billion in Revenue and $.18 earnings per share. This beat revenue expectation by $33 million and met earnings estimates .
In the last 3 years, INFY stock traded as high as $26.39 and as low as $14.71.
The top ETF exchange traded funds that INFY belongs to (by Net Assets): CIBR, SPEM, VEU, FVD, AVEM.
INFY has underperformed the market in the last year with a price return of +8.5% while the SPY ETF gained +33.9%. INFY has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -3.6% and -8.4%, respectively, while the SPY returned +10.3% and +1.5%, respectively.
INFY support price is $17.48 and resistance is $18.02 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that INFY stock will trade within this expected range on the day.