highlights
The current market price of Infosys stock is 1345 rupees.
Its 52-week high is 1672 rupees.
The stock is up 3 percent over the past month.
New Delhi. If the right direction is found in the stock market, nothing can happen. That’s why most people seek expert advice before investing in stocks. Although the market is full of uncertainties and there is no certainty as to which stock will go where, experts can still give your investment a very important direction. Trading mentor Prakash Gaba has advised buying the stock we are reporting on today. That stock is Infosys.
Currently, this IT stock is trading in the red, but he says it’s showing the qualities of rising and maintaining stability. He said that the strength of this stock is visible.
Also read this – Business idea: This business will bring double profit and record profit for many years with only one investment
What is target and stop loss?
Gaba has said that this stock can be bought with a stop loss of 1330 rupees. He has given his first technical price target of 1370 rupees. His second goal is 1400 rupees. Please let me know this stock is currently trading at around 1345 rupees. If this stock achieves Gaba’s target price, each share will receive a profit of 55 rupees.
Infosys financial position
In the last quarter of the 2022/23 financial year, the company’s profit rose 8 percent to Rs.6128 crore on an annualized basis. At the same time, the company’s revenue rose 16 percent to Rs.37,441 billion during the period. However, there was a decline on a quarterly basis. In the December quarter, the company had a turnover of Rs.38,318 crore and a profit of Rs.6,586 crore. The 52-week high in the company’s shares is 1672 rupees and the low is 1185 rupees.
how much profit for the shareholders
The stock has lost more than 10 percent over the past year. At the same time, it has recorded a slight increase for a month and has risen to 3 percent. This stock has become a great investment option for long-term investors. Over the past 5 years, Infosys stock has returned nearly 100 percent of earnings to shareholders.
(Disclaimer: The stocks mentioned here are for informational purposes only. If you are interested in investing in any of these stocks, please consult a certified investment adviser first. News18 is not responsible for your gain or loss. Will happen.)
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Keywords: Business news in Hindi, earn money, Infosys, stock market, Stock Tips
FIRST RELEASED : Jul 5, 2023 3:18 PM IST
