Infosys share price as of 24 July 2023, 23:03:40 PST is ₹1336.80, down -8.18% from yesterday’s close of ₹1448.85. The stock has a market capitalization of ₹67.37 billion and a PE ratio of 22.49.
There are a few reasons why Infosys share price has been declining in recent months. First, the company’s revenue outlook has been revised down for the current fiscal year. Second, there has been some investor concern about the impact of the global economic slowdown on Infosys’ business. Third, the stock has been under pressure from short sellers.
Despite the recent decline, Infosys is still a leading IT services company with a strong track record of growth. The company has a large and diversified customer base, and it is well-positioned to benefit from the growth of the global IT market.
Whether or not Infosys stock is a good buy depends on your individual investment goals and risk tolerance. If you are looking for a long-term investment in a leading IT services company, Infosys could be a good option. However, if you are concerned about the short-term volatility of the stock market, you may want to consider other investment options.
Here are some additional factors to consider when evaluating Infosys stock:
The company’s financial performance
The competitive landscape
The macroeconomic environment
Your own investment goals and risk tolerance