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Know why there was such a big fall in the stock of the giant IT company Infosys?

Infosys Share Crash: The stock of Infosys, the second largest company in the IT sector, is seeing a big decline today. The stock of Infosys has slipped by more than 7 percent. This is the biggest fall in the stock of Infosys in the last two years. In fact, the market is not liking the results of Infosys for the fourth quarter of FY 2021-22. The results of Infosys were declared after the close of trading in the market on Wednesday, 13 April. If the market is trading after a four-day holiday, then there is a huge sell-off in the stock of Infosys. The market is disappointed with the numbers of IT professionals leaving Infosys.

Infosys shares fell 7 percent
The stock of Infosys opened at Rs 1605 in the morning and the stock fell by 7 per cent to Rs 1590. At present, the stock of Infosys is trading at Rs 1629 with a fall of 6.80 percent.

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.

Infosys has said in its revenue guidance that in 2022-23, the revenue can grow at the rate of 13 to 15 percent. So the operating margin is expected to be 21 to 23 per cent. Infosys has said that in the fourth quarter of 2021-22, the company has been successful in getting a contract worth $ 2.3 billion. So in the whole year, the company has secured contracts worth $ 9.5 billion.

Disclaimer: (The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. Anyone from digitnews.in Also investing money is never advised here.)

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