1. Infosys Ltd Share Outlook
The latest trading price of the share is Rs 1474 each with an intraday gain of 3.82%. The stock’s 52-week high is Rs 1954 each and the 52-week low is Rs 1355 each, respectively. The company has a market capitalization of Rs 6,20,254.82 crore.
2. Return of Infosys in 5 years
The stock has given multiple returns to investors with a 5-year return at 219%, a 3-year return of 88% and a negative 1-year return at 13%. Shares jumped 4% in 3 months and 2% in 1 week.
3. Infosys Board Approves Rs 9300 Crores Takeover
The board of Infosys Ltd has approved a proposal for the company to repurchase its own fully paid shares at a par value of Rs 5/- each from the shareholders of the company (other than the promoters, the group of promoters and persons in control of the Company), i.e. 14.84% and 13.31% of its total paid-up capital and free reserves as of September 30, 2022 (on an individual and consolidated basis, respectively) for an amount, payable in cash, totaling up to Rs 9,300 crores.
4. Infosys declares the record date and payment date of the interim dividend
Infosys’ board has announced an interim dividend of Rs 16.50 per share, an increase of 10% from the interim dividend for FY22 last year. The Board of Directors has set October 28, 2022 as the registration date for interim dividends and November 10 as the payment date:
5. Infosys Q2 Results
Infosys Ltd announced its quarterly figures for the period ending June 30, 2022 which were broadly in line with estimates, with net profit up 11%. It also declared a decent dividend and a stock buyback.
The board of Infosys Ltd has approved a proposal for the company to repurchase its own fully paid shares aggregating up to Rs 9,300 crore. It should be noted that the Board of Directors of Infosys announced an interim dividend of Rs 16.50 per share, an increase of 10% compared to the interim dividend of the financial year 22 of the year last. Constant currency revenue increased 18.8% year-on-year and 4.0% quarter-on-quarter.
Operating margins in Q2 ending June 30, 2022 increased sequentially by 150 basis points. The company revised its revenue forecast by 15% to 16% for FY23.
6. About Infosys Ltd
infosys ltd. is a multinational information technology company headquartered in Bangalore. It was incorporated in Pune in 1981. The company became a limited company in June 1992. In 1999, shares of Infosys were listed on the Nasdaq stock exchange as US certificates of deposit. It was the first Indian company to be listed on Nasdaq.
The stock was featured in ICICI Direct’s brokerage report. Greynium Information Technologies, the author and the respective brokerage are not responsible for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before making any investment decision.