Trending stocks: Infosys share price down nearly 4%

NEW DELHI: Shares of Infosys traded 3.73 per cent down in Thursday's trade at 10:48AM (IST). Around 148,666 shares changed hands on the counter.

The stock opened at Rs 664.0 and touched an intraday high and low of Rs 671.65 and Rs 655.0, respectively, in the session so far. Shares of the company of Infosys Ltd. quoted a 52-week high of Rs 847.4 and a 52-week low of Rs 511.1.

Total market cap of the Infosys Ltd. stood at Rs 285139.55 crore at the time of writing this report.


The IT major said it has partnered with NICE Actimize that will allow the Indian IT services major to offer its delivery capabilities and resell the latter's end-to-end financial crime software solutions.


Key Financials
The company reported consolidated net sales of Rs 23267.0 crore for the quarter ended 31-Mar-2020, up 0.76 per cent from previous quarter's Rs 23092.0 crore and up 8.02 per cent from the year-ago quarter's Rs 21539.0 crore.

The net profit for latest quarter stood at Rs 4321.0 crore, up 6.06 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2020, domestic institutional investors held 13.66 per cent stake in the firm, while foreign institutional investors held 31.01 per cent and the promoters 13.15 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 17.18 and a price-to-book ratio of 4.32. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Infosys Ltd. belongs to the IT Consulting & Software - Large Cap industry.