Infosys Shares Under Pressure: Stock Drops Over 2% in Early Tuesday Session
Infosys Ltd (NSE: INFY) experienced a challenging start to the trading day on Tuesday, April 4th, with its stock price seeing a notable decline. As of 9:19 am IST, shares of the IT services giant were trading at 1,461.85 INR.
This figure represents a significant drop of -34.65 INR, translating to a 2.32% decrease for the day. The downward arrow indicator confirms the negative sentiment prevailing in the early hours of the session.
The stock opened the day at 1,460.50 INR, already below its previous close of 1,496.50 INR. Early trading activity saw the shares move within a tight range, hitting a high of 1,467.00 INR and a low of 1,459.35 INR shortly after the market opened.
From a valuation perspective, Infosys currently commands a market capitalization of 6.06 Lakh Crore INR. The company’s Price-to-Earnings (P/E) ratio stands at 21.94, and it offers a dividend yield of 2.80%.
Looking at the broader picture, the current trading price sits well within the stock’s 52-week range. The annual high for Infosys shares is 2,006.45 INR, while the 52-week low is marked at 1,358.35 INR. Today’s dip places the stock considerably lower than its yearly peak.
