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Infosys Ltd Rise for Fifth Session

However, the Revenue, Profit before tax and Net profit increased in Q4FY24 as compared to Q4FY23.

On National Stock Exchange (NSE), Infosys Ltd is quoting Rs 1,533.6, up 0.53%. The stock is down 20.16% in 2022 compared to a 0.78% slide in the Nifty and a 22.8% in the Nifty FMCG.

On January 17, 2023, Infosys Ltd is up for a fifth straight session. The stock is quoted at Rs 1,533.6, up 0.53%. The benchmark Nifty is up around 0.43% daily, with 17,970.95. The Sensex is at 60,402.9, up 0.52%. Infosys Ltd has gained around 1.74% in the previous month.

Meanwhile, the Infosys Ltd Nifty FMCG index gained around 2.97% in December 2022 and is currently quoting 29264.65, up 0.48% on the day. The volume in the stock stood at 29.93 lakh shares on January 17, compared to the daily average of 65.22 lakh shares in the previous month.

In the January futures contract, the stock’s benchmark is Rs 1,535.55, up 0.57%. Infosys Ltd is down 20.16% in 2022 compared to a 0.78% slide in Nifty and a 22.8% slide in the Nifty FMCG index.

Based on TTM earnings, the PE of the stock is 28.38 ending December 2022.

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