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. Sensex is trading at ₹79541.79, down by -1.04%. The stock has hit a high of ₹1825.1 and a low of ₹1786.65 during the day.
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 SMA
The SMA values for the stock are given below :
The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹1823.23, ₹1843.82, & ₹1861.93, whereas it has key support levels at ₹1784.53, ₹1766.42, & ₹1745.83.
Till 4 PM today, the volume traded on NSE & BSE for Infosys was -41.44% lower than the previous trading session. Volume traded is an important indicator along with price to study trends. Positive price movement with higher volume suggests a sustainable upmove, and negative price movement with higher volume might be an indication of further decline in prices.
Overall, as per Mint technical analysis, The stock’s continued downtrend suggests a bearish trend is underway..
From a fundamental analysis perspective, the company has a ROE of 32.08% & ROA of 19.91% respectively.The current P/E of the stock is at 28.07 & P/B is at 8.35.
The median 1-year forecasted upside in this share is at 12.50% with a target price of ₹2028.00.
The company has a 0.00% promoter holding, 15.77% MF holding, & 33.27% FII holding as per filings in the september quarter.
The MF holding has decreased from 15.90% in june to 15.77% in the september quarter.
The FII holding has increased from 32.73% in june to 33.27% in the september quarter.
Infosys share price down -1.19% today to trade at ₹1802.65 while its peers are mixed. Its peers such as HCL Technologies, LTI Mindtree, Tech Mahindra are falling today, but its peers Tata Consultancy Services are on the rise. Overall, benchmark indices Nifty & Sensex are down -1.16% & -1.04% each respectively.
