Infosys mega AI deal loss affects stock, shares dip nearly 3%
11 months, 4 weeks ago

Infosys mega AI deal loss affects stock, shares dip nearly 3%

Hindustan Times  

Infosys shares declined by nearly 3 per cent on Tuesday after the company revealed that an unnamed global partner, engaged in a $1.5 billion deal focused on AI solutions, decided to terminate its Memorandum of Understanding with the IT giant. Infosys On the last trading session, ahead of the, Infosys shares climbed 1.75 per cent to reach ₹1,561. On September 14, this year Infosys announced a partnership with a global company to deliver improved digital experiences, modernisation, and business operations services, utilising Infosys platforms and AI solutions. In a Saturday BSE filing however, Infosys announced that the global company has opted to terminate the MoU and both parties will not proceed with the mega agreement.

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History of this topic

Infosys Share Price Today on 29-11-2024: Infosys share price are up by 0.34%, Nifty up by 0.87%
3 weeks, 5 days ago

Infosys Share Price Today on 29-11-2024: Infosys share price are up by 0.34%, Nifty up by 0.87%

Live Mint  

Infosys Share Price Today on 29-11-2024: At 29 Nov 11:25 today, Infosys shares are trading at price ₹1863.7, 0.34% up from the previous closing price. On the technical front, the stock is trading above the 20,100,300 days SMA & lower than the 5,10,50 day SMA. The stock will have support at 20,100,300 days SMA & face resistance at 5,10,50 days …

Infosys, LTIM, HCLTech, TCS: Why IT stocks are tumbling today
3 weeks, 6 days ago

Infosys, LTIM, HCLTech, TCS: Why IT stocks are tumbling today

India Today  

Shares of leading Indian IT companies faced significant pressure on Thursday, with stocks like Infosys, TCS, HCLTech, Tech Mahindra, LTIMindtree, and LTTS declining by 2-4%. This raised doubts about the pace of interest rate cuts by the US Federal Reserve, with traders now estimating a 65% chance of a rate cut next month. "The inflation numbers have renewed fears of …

Infosys Share Price Today on 26-11-2024: Infosys share price are up by 1.78%, Nifty down by -0.02%
4 weeks, 1 day ago

Infosys Share Price Today on 26-11-2024: Infosys share price are up by 1.78%, Nifty down by -0.02%

Live Mint  

Infosys Share Price Today on 26-11-2024: At 26 Nov 11:15 today, Infosys shares are trading at price ₹1922.75, 1.78% up from the previous closing price. On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. The SMA …

Infosys Share Price Today on 25-11-2024: Infosys share price are down by -0.48%, Nifty up by 1.82%
1 month ago

Infosys Share Price Today on 25-11-2024: Infosys share price are down by -0.48%, Nifty up by 1.82%

Live Mint  

Infosys Share Price Today on 25-11-2024: At 25 Nov 11:26 today, Infosys shares are trading at price ₹1893.85, -0.48% down from the previous closing price. On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. The SMA …

Infosys Share Price Today on 22-11-2024: Infosys share price are up by 1.19%, Nifty up by 1.3%
1 month ago

Infosys Share Price Today on 22-11-2024: Infosys share price are up by 1.19%, Nifty up by 1.3%

Live Mint  

Infosys Share Price Today on 22-11-2024: At 22 Nov 12:48 today, Infosys shares are trading at price ₹1856, 1.19% up from the previous closing price. On the technical front, the stock is trading above the 5,10,20,100,300 days SMA & lower than the 50 day SMA. The stock will have support at 5,10,20,100,300 days SMA & face resistance at 50 days …

Infosys Share Price Today on 13-11-2024: Infosys share price are up by 0.02%, Nifty down by -1.36%
1 month, 1 week ago

Infosys Share Price Today on 13-11-2024: Infosys share price are up by 0.02%, Nifty down by -1.36%

Live Mint  

Infosys Share Price Today on 13-11-2024: At 13 Nov 16:01 today, Infosys shares are trading at price ₹1868.3, 0.02% up from the previous closing price. On the technical front, the stock is trading above the 5,10,20,100,300 days SMA & lower than the 50 day SMA. The stock will have support at 5,10,20,100,300 days SMA & face resistance at 50 days …

Infosys Share Price Today on 12-11-2024: Infosys share price are up by 0.06%, Nifty down by -1.07%
1 month, 1 week ago

Infosys Share Price Today on 12-11-2024: Infosys share price are up by 0.06%, Nifty down by -1.07%

Live Mint  

Infosys Share Price Today on 12-11-2024: At 12 Nov 16:01 today, Infosys shares are trading at price ₹1861.1, 0.06% up from the previous closing price. On the technical front, the stock is trading above the 5,10,20,100,300 days SMA & lower than the 50 day SMA. The stock will have support at 5,10,20,100,300 days SMA & face resistance at 50 days …

Infosys Share Price Today on 11-11-2024: Infosys share price are up by 1.58%, Nifty down by -0.03%
1 month, 2 weeks ago

Infosys Share Price Today on 11-11-2024: Infosys share price are up by 1.58%, Nifty down by -0.03%

Live Mint  

Infosys Share Price Today on 11-11-2024: At 11 Nov 16:01 today, Infosys shares are trading at price ₹1860, 1.58% up from the previous closing price. On the technical front, the stock is trading above the 5,10,20,100,300 days SMA & lower than the 50 day SMA. The stock will have support at 5,10,20,100,300 days SMA & face resistance at 50 days …

Infosys Share Price Today on 07-11-2024: Infosys share price are down by -1.19%, Nifty down by -1.16%
1 month, 2 weeks ago

Infosys Share Price Today on 07-11-2024: Infosys share price are down by -1.19%, Nifty down by -1.16%

Live Mint  

Infosys Share Price Today on 07-11-2024: At 07 Nov 16:00 today, Infosys shares are trading at price ₹1802.65, -1.19% down from the previous closing price. On the technical front, the stock is trading above the 5,300 days SMA & lower than the 10,20,50,100 day SMA. The stock will have support at 5,300 days SMA & face resistance at 10,20,50,100 days …

Infosys Price Today: Up 1.04%, Nifty Up 0.97%
1 month, 3 weeks ago

Infosys Price Today: Up 1.04%, Nifty Up 0.97%

Live Mint  

Infosys share price is up by 1.04% today, trading at ₹1872.55. The stock has hit a high of ₹1876.9 and a low of ₹1855.05 during the day. The company has a ROE of 32.08%, a P/E of 28.66, and a P/B of 8.53. The company has a 0.00% promoter holding, 15.77% MF holding, & 33.27% FII holding as per filings …

Infosys Share Price Today: Technical and Fundamental Analysis Indicates Potential Reversal
2 months ago

Infosys Share Price Today: Technical and Fundamental Analysis Indicates Potential Reversal

Live Mint  

Infosys share price is trading slightly up today, with a price change of 0.08%. The stock is currently trading at ₹1854, with a high of ₹1877.7 and a low of ₹1846.05. The company has a ROE of 32.08%, a P/E of 28.93, and a P/B of 8.61. The company has a 0.00% promoter holding, 15.77% MF holding, & 33.27% FII …

Infosys CEO settles insider trading case with Sebi; pays ₹25 lakh
5 months, 3 weeks ago

Infosys CEO settles insider trading case with Sebi; pays ₹25 lakh

The Hindu  

Infosys CEO Salil Parekh settled charges for failing to place adequate internal controls to prevent insider trading at India's No.2 IT services exporter during a 2020 contract, the country's markets regulator said on Thursday. Mr. Parekh agreed to pay 2.5 million rupees to settle the markets regulator's charge, which related to a contract for Infosys to provide U.S. financial firm …

Infosys share price touches 52-week high. Buy, hold or book profit?
11 months ago

Infosys share price touches 52-week high. Buy, hold or book profit?

Live Mint  

Stock market today: Infosys shares have been in uptrend after the announcement of Q3 results 2024 on 11th January 2024. Extending its bull trend for yet another session during Friday morning deals, Infosys share price today opened upside and went on to touch an intraday high of ₹1,665.50 per share on the NSE, which turned out its new 52-week high. …

Unspecified global partner ends $1.5 billion AI agreement with Infosys | Know the reason
1 year ago

Unspecified global partner ends $1.5 billion AI agreement with Infosys | Know the reason

India TV News  

In September, Infosys entered a 15-year, USD 1.5 billion deal with an undisclosed global client focusing on artificial intelligence solutions. Official company statement In an exchange filing, Infosys mentioned, "This is in continuation to the disclosure made by Infosys vide letter dated September 14, 2023, titled 'Company update' with respect to a Memorandum of Understanding with a global company which …

Infosys loses ₹12,500 crore mega-deal with AI company after CFO's resignation
1 year ago

Infosys loses ₹12,500 crore mega-deal with AI company after CFO's resignation

Hindustan Times  

Just days after a major personnel change in the top leadership, Narayana Murthy's firm Infosys announced that the deal between them and an unnamed global company has been terminated. Infosys CFO Nilanjan Roy resigned from his post earlier this month, Infosys announced on Saturday that their Memorandum of Understanding with an undisclosed global company has been terminated. “This is in …

Infosys shares plummet overnight after CFO Nilanjan Roy's surprise exit
1 year ago

Infosys shares plummet overnight after CFO Nilanjan Roy's surprise exit

Hindustan Times  

After the internal management changes at Narayana Murthy's company, Infosys shares tumbled overnight, raising concerns for shareholders of the top IT firm. Infosys shares dropped over 3 percent after the CFO's surprise exit from the firm. Infosys shares opened at one per cent less than the previous day after the company's chief financial officer, Nilanjan Roy resigned from the post, …

Infosys shares fall, raising demand worries for Indian IT sector
1 year, 2 months ago

Infosys shares fall, raising demand worries for Indian IT sector

The Hindu  

Shares of Infosys, India's No. 2 IT services provider, fell as much as 4.5% on Friday after a cut to the upper end of the company's annual revenue forecast fanned further worries of a delay in demand recovery in the sector. Several analysts said the IT company's move to cut outlook for the second straight quarter was emblematic of near-term …

Infosys share price falls 4% on Q2 result: Here’s what analysts say
1 year, 2 months ago

Infosys share price falls 4% on Q2 result: Here’s what analysts say

Live Mint  

Stock market today: Infosys shares are expected to witness heavy sell off pressure during Friday deals. Infosys ADR price crashed 6.53 per cent on Thursday signaling its disappointment over the Q2 results 2023. Cue Infosys ADR price movement at NYSE Infosys ADR price at NYSE opened lower at $16.40 per share, around 7 per cent lower from its Wednesday close …

Infosys shares tumble 10% after cut in full-year revenue guidance; mcap falls by ₹43,776 crore
1 year, 5 months ago

Infosys shares tumble 10% after cut in full-year revenue guidance; mcap falls by ₹43,776 crore

The Hindu  

Shares of Infosys tanked nearly 10% on Friday morning after the company reported a lower-than-expected 11% rise in net profit for the June quarter and slashed its FY24 growth outlook. Infosys on Thursday reported a lower-than-expected 11% rise in net profit for the June quarter and delivered a shocker as it slashed its FY24 growth outlook to 1-3.5%t on delayed …

Infosys Q1 Results: Net profit rises 11% on year to ₹5,945 crore
1 year, 5 months ago

Infosys Q1 Results: Net profit rises 11% on year to ₹5,945 crore

Live Mint  

Infosys Q1 Results: Information Technology services major, Infosys Ltd on Thursday reported an 11% year-on-year rise in its consolidated net profit for the fiscal's first quarter ended June to ₹5,945 crore. The IT company's consolidated revenue from operations stood at ₹37,933 crores during the quarter ended June from ₹34,470 crore in Q1FY23. The company's consolidated total income for the quarter …

Infosys share price continues to fall for 3rd straight day post weak Q4 show
1 year, 8 months ago

Infosys share price continues to fall for 3rd straight day post weak Q4 show

Live Mint  

The Infosys share price today opened marginally lower at ₹1,257.60 but extended losses to fall to a low of ₹1,238.70. The share price of Infosys dropped by an unprecedented level on Monday to touch a fresh 52-week low with investors losing ₹58,000 crore or value. Catch live market updates here Weak Q4 numbers from India's top IT company, TCS further …

Infosys woes spark selloff in stocks of tech firms
1 year, 8 months ago

Infosys woes spark selloff in stocks of tech firms

Live Mint  

Mumbai: The bear onslaught on 10 technology stocks comprising the Nifty IT index wiped ₹1.03 trillion off investor wealth, with Infosys Ltd alone accounting for a little more than half of the losses, following a slew of price and ratings downgrades after the software major disappointed investors with its sales forecast for the current year, amid a banking crisis in …

Infosys share drops by almost 11%, most since Covid crash
1 year, 8 months ago

Infosys share drops by almost 11%, most since Covid crash

Hindustan Times  

Infosys Ltd shares plunged almost 11 per cent to ₹1,238.25 a piece, the most intraday since March 2020, as concerns about demand for Indian IT services surfaced in the aftermath of US and European banks turmoil and recessionary fears. However, the shares started taking a dip as Infosys predicted that this fiscal year's sales growth will only be between 4% …

Infosys shares rise over 1% ahead of Q4 results. Here’s what analysts say
1 year, 8 months ago

Infosys shares rise over 1% ahead of Q4 results. Here’s what analysts say

Live Mint  

Shares of information technology services major Infosys rose during Wednesday's trading session a day before the IT company is scheduled to announce its financial results for the March quarter on Thursday, 13 April. Ahead of its fourth quarter results, shares of Infosys have an average price target of ₹1,720.36, as per publicly available data with Trendlyne, which suggests a 20.84 …

Infosys Shares Near 52-Week Low, Plummets 12% in a Month; What Do Analysts Say?
1 year, 9 months ago

Infosys Shares Near 52-Week Low, Plummets 12% in a Month; What Do Analysts Say?

News 18  

Shares of Infosys were down as much as 1.3 per cent on Thursday. The stock is down in 12 of the last 13 sessions and is just 1.5 per cent away from its 52-week low of Rs 1,355.50, which it fell to in September last year. In the past one month, Infosys has underperformed the market by falling 12 per …

Infosys set to pip Cognizant to become 2nd-largest IT services firm
1 year, 10 months ago

Infosys set to pip Cognizant to become 2nd-largest IT services firm

Live Mint  

Cognizant Technology Solutions Corp. saw its revenue slip sequentially in the October-December period and forecast business to fall further in the January-March period, helping Infosys Ltd race past the Nasdaq-listed technology firm to become the second-largest homegrown IT services firm. Infosys, which posted $4.66 billion in revenue in the October-December period, expects to grow between 16% and 16.5% in constant …

From ₹10,000 to over $16 billion now: Infosys has much to celebrate
2 years ago

From ₹10,000 to over $16 billion now: Infosys has much to celebrate

Live Mint  

New Delhi/Bengaluru: In today’s India where startups are in vogue, it may be hard to imagine that the seven co-founders of Infosys Ltd, now the country’s second-largest IT services provider, were unaware of the term when they embarked on their entrepreneurial journey four decades ago. To celebrate its four decades in the industry, Infosys will have a discussion on Wednesday …

Infosys Q2FY23 Result: Net Profit Jumps 11.1% To Rs 6,021 Crore; Rs 9,300 Cr Share Buyback Announced
2 years, 2 months ago

Infosys Q2FY23 Result: Net Profit Jumps 11.1% To Rs 6,021 Crore; Rs 9,300 Cr Share Buyback Announced

News 18  

Infosys Q2 Results: IT major Infosys on Thursday posted a consolidated net profit of Rs 6,021 crore for the September 2022 quarter, a growth of 11.1 per cent as compared with Rs 5,421 crore in the year-ago quarter. Sequentially, Infosys’ net profit jumped 12.3 per cent as compared with Rs 5,360 crore in the June 2022 quarter. “The board approved …

TCS, Infosys shares trade near 52-week lows. Good levels to buy?
2 years, 6 months ago

TCS, Infosys shares trade near 52-week lows. Good levels to buy?

Live Mint  

Shares of top Indian IT companies Tata Consultancy Services and Infosys have fallen sharply amid the current market volatility and the IT stocks are trading near their respective 52-week low levels. Domestic brokerage and research firm Motilal Oswal is bullish on the IT stocks and has Buy tags on both TCS and Infosys shares with a target price of ₹4,240 …

Infosys shares fall 22% from highs, Why Jefferies has ’Buy’ on the IT stock
2 years, 6 months ago

Infosys shares fall 22% from highs, Why Jefferies has ’Buy’ on the IT stock

Live Mint  

IT major Infosys' shares have fallen 22% from its highs on the back of weak Q4 results due to margin pressures, as well as growing concerns on growth due to worsening macro and rising yields. Analysts at Jefferies believe Infosys is well positioned to deliver 11/15% CAGR in revenue/EPS over FY23-25 as cloud adoption is still low, low US unemployment …

Infosys Shares Plunge 9% on Q4 Results; Should You Buy, Sell or Hold the IT Stock?
2 years, 8 months ago

Infosys Shares Plunge 9% on Q4 Results; Should You Buy, Sell or Hold the IT Stock?

News 18  

Infosys Shares: Infosys Ltd shares tanked over 9 per cent on Monday after many analysts cut its margin estimates over its weaker-than-expected earnings for the March quarter. Last week, Infosys reported revenue growth of 1.2 per cent on-quarter in constant currency terms due to contractual client provisions impact and less number of calendar working days. Infosys margin was down by …

Infosys Q2 Net up 11.9%, raises revenue outlook on strong deal pipeline
3 years, 2 months ago

Infosys Q2 Net up 11.9%, raises revenue outlook on strong deal pipeline

India TV News  

Infosys Ltd, India's second-largest IT services company, on Wednesday reported better-than-expected 12 per cent rise in its second-quarter net profit on more contracts from global businesses, a reason that also led to it raising its annual revenue outlook. Net profit in July-September at Rs 5,421 crore, or Rs 12.88 a share, was 11.9 per cent higher than Rs 4,845 crore …

Infosys Q1 Net Profit Jumps 23% To Rs 5,195 Crore
3 years, 5 months ago

Infosys Q1 Net Profit Jumps 23% To Rs 5,195 Crore

ABP News  

Mumbai: Information technology major Infosys on Wednesday reported a 23% jump in its net profit to Rs 5195 crore on the back of large deal wins. "We remain confident of delivering on the margin guidance, underpinned by our comprehensive cost optimization program, despite increasing cost headwinds arising largely from compensation review, talent acquisition and retention", said Nilanjan Roy, Chief Financial …

Infosys in a sweet spot as it races past TCS on profit growth in FY21
3 years, 11 months ago

Infosys in a sweet spot as it races past TCS on profit growth in FY21

Live Mint  

On Monday, in response to Tata Consultancy Services Ltd’s better-than-expected December quarter results, investors drove the company’s shares up by 1.8%. In constant currency terms, Infosys’s revenues have risen 6.6% year-on-year, compared to a mere 0.4% growth in the case of TCS. And, in a clear sign that the growth differential may continue for some time, Infosys announced that the …

Infosys share price at its peak, analysts expect further 13% upside
3 years, 11 months ago

Infosys share price at its peak, analysts expect further 13% upside

Live Mint  

The IT major Infosys share price has hit its all time high during the Christmas week. Infosys share price touched ₹1,258.85 for the first time on Wednesday. Another brokerage house, Anad Rathi has a buy call on Infosys with a target price of ₹1,385. Digital acceleration, large deal wins vendor consolidation and cost rationalisation remain key long term drivers," says …

Infosys Shares Erase Opening Gains; Close Over 2 per cent Lower
4 years, 2 months ago

Infosys Shares Erase Opening Gains; Close Over 2 per cent Lower

News 18  

Shares of Infosys on Thursday erased its opening gains and closed over 2 per cent lower on emergence of profit-booking a day after the company announced its September quarter earnings. Infosys on Wednesday posted a 20.5 per cent rise its net profit to Rs 4,845 crore for the September 2020 quarter, mainly helped by large deals, prompting the IT services …

Infosys shares soar to record high on stronger-than-expected Q1 profits
4 years, 5 months ago

Infosys shares soar to record high on stronger-than-expected Q1 profits

Deccan Chronicle  

New Delhi: Shares of Infosys rallied 15 per cent on Thursday after the company posted a stronger-than-expected 12.4 per cent rise in the first quarter consolidated net profit. Infosys on Wednesday posted 12.4 per cent rise in the first quarter consolidated net profit to Rs 4,272 crore, helped by large deals, and said its FY21 revenue is likely to grow …

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