New Delhi : A decline has been seen in the market in today's pre-opening session. The last trading day of the week, i.e. Friday, saw a decline in the shares of the country's leading IT firm Infosys. Due to more than 2 percent weakness in Nifty IT index, Infosys shares have fallen by more than 6 percent in early trade and are trading at an intraday low of Rs 815.85.
Recently Infosys has released its October to December quarter results. Despite the company's good performance in the December quarter, Infosys shares are trading with a weak trend.
In today's trading day, the company's shares opened at Rs 1869.95, below its previous closing price of Rs 1926.20. In the morning session, shares of this company are trading at Rs 1826.60 with a decline of 5.17 percent. The 52-week high level of the stock of this company has been Rs 2,006.80. Also, the lowest level of 52 weeks has been Rs 1359.10. During today's trading, the market capital of Infosys declined to Rs 7,58,993.29 crore on BSE.
Strong growth achieved in the third quarter
Infosys has continuously worked towards increasing the revenue in the third quarter of the financial year 2024-25. The company now expects earnings growth of 4.5 to 5 percent in the current financial year. This figure is higher than the estimate of 3.75 to 4.50 percent released in the last quarter.
The company's operating margin estimate remains the same at 20 to 22 percent. The company has added 5,591 employees during this third quarter, taking the number of employees working in the company to 3,23,379. Infosys CFO Jayesh Sanghrajka has said that the company is moving fast to fulfill its recruitment commitments and can recruit more than 15,000 employees in the current financial year.
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