Infosys stock price today (July 11, 2024): Infosys stock trading price as of 11:21 today, November 7 $1788.95, down -1.94% from the previous closing price. Sensex is trading at $79444.01, down -1.16%. The stock has hit highs $1825.1 and the lowest point $Daytime 1786.65.
Technically, the stock is trading above the 5,300-day moving average and below the 10, 20, 50, and 100-day moving averages. The stock will find support at the 5,300-day SMA and face resistance at the 10, 20, 50, and 100-day SMAs
The stock’s SMA values are as follows:
Classic pivot level analysis shows that the key resistance levels for the stock on the daily time frame are $1846.15, $1868.95,& $1910.7, while its key support is $1781.6, $1739.85,& $1717.05.
As of 11 am today, Infosys’s trading volume on NSE and BSE was -57.38% lower than the previous trading day. Trading volume, like price, is an important indicator for studying trends. Positive price changes with increased volume can indicate continued price increases, while negative price changes with increased volume may indicate further price declines.
Overall, the stock’s ongoing downward trend suggests a bearish trend is underway, according to Mint technical analysis.
From a fundamental analysis, the company’s ROE is 32.08% and ROA is 19.91%.
The stock’s 1-year forecast median upside is 13.36%, with a target price of $2028.00.
As per September quarter filings, the company has 0.00% promoter stake, 15.77% MF stake and 33.27% FII stake.
MF shareholding fell to 15.77% in the September quarter from 15.90% in June.
FII shareholding increased to 33.27% in the September quarter from 32.73% in June.
Infosys shares fell -1.94% today, trading at $1788.95, while peers were a mixed bag. While peers like Tata Consultancy Services, HCL Technologies, LTI Mindtree, Tech Mahindra and others are down today, their peers are gaining. Overall, benchmark indices Nifty and Sensex fell -1.01% and -1.16% respectively.
