Infosys Share Price Fall: The country’s leading IT company Infosys has released its fourth quarter results today. The company’s shares have slipped more than 7 percent after announcing the quarterly results. After a fall of 7 percent in today’s trading, the company’s shares have come down to the level of Rs 1,621.45. With this fall, the company’s market cap has fallen by Rs 53509.71 crore.
How much did the company’s stock fall?
Let us tell you that the company’s stock had fallen by 8.95 percent to Rs 1,592.05 during trading on BSE. In the end, it closed at Rs 1,621.45, down 7.27 per cent.
Shares fell 7.22 percent
On the National Stock Exchange, the company’s shares fell by 7.22 per cent to Rs 1,622.30 per share. With the fall in the share price, the company’s market valuation declined by Rs 53,509.71 crore to Rs 6,82,101.64 crore.
Know what is the opinion of experts?
VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said, “Infosys’ financials were lower than expected due to high exit rate and lower margins…though the growth prospects are better…”
The company had released the results
Infosys announced its fourth quarter results last week. In which the company had said that the profit increased by 12 percent to Rs 5,686 crore. Whereas in the financial year 2020-21, the profit in the same quarter was Rs 5076 crore. The revenue of Infosys has increased by 22.7 percent to Rs 32,276 crore during this period. The company has also announced a dividend of Rs 16 per share to the shareholders. The company has already paid interim dividend of Rs 15 per share. That is, to emphasize it, the company has given a dividend of Rs 31 per share in 2021-22.