Infosys Share Price, Today & History
Infosys Limited, an Indian multinational corporation that offers business consulting, IT, and outsourcing services was established in 1981 by a group of seven engineers in Pune, India, and has since become one of the biggest IT services companies globally. Infosys is listed on both the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE). The article will examine the history of Infosys’ share price and its current performance.
Infosys Share Price History
In 1993, Infosys had its initial public offering (IPO) of 5.5 lakh shares priced at Rs. 95 per share, which was oversubscribed 17 times due to high demand. Since then, Infosys has become one of the most successful companies in India and its share price has significantly increased over the years.
Here is a brief overview of Infosys share price history:
1993 – IPO at Rs. 95 per share
2000 – Share price reaches Rs. 10,000 for the first time
2006 – Share price crosses Rs. 5,000 crore market capitalization
2008 – Share price reaches an all-time high of Rs. 3,800
2009 – Share price drops to Rs. 1,800 due to the global financial crisis
2013 – Share price crosses Rs. 3,000 crore market capitalization
2015 – Share price reaches an all-time high of Rs. 3,986
2017 – Share price crosses Rs. 10,000 crore market capitalization
2018 – Share price reaches an all-time high of Rs. 1,384
Based on the data presented above, it is evident that Infosys’ share price has experienced significant growth over the years. The company has consistently outperformed the broader market, and it has been a popular investment choice among investors.
Infosys Share Price Today
On April 29, 2023, Infosys share price on the National Stock Exchange (NSE) was Rs. 1,430.85, which is a 1.53% increase from the previous day’s closing price of Rs. 1,408.55. The share’s 52-week high is Rs. 1,482.95 and the 52-week low is Rs. 1,049.50.
Let’s analyze the factors that are currently driving the Infosys share price.
- Strong Financial Performance – Infosys has been delivering strong financial results quarter after quarter. In the last quarter, the company reported a net profit of Rs. 5,421 crore, up 17.5% YoY. This strong performance has led to an increase in investor confidence, resulting in a rise in share price.
- Increasing Demand for Digital Services – The demand for digital services is increasing due to digitalization. Infosys is a leading provider of innovative solutions for digital transformation that has seen an uptick in demand for its services, causing a surge in its share price.
- Strong Order Book – As of March 2023, Infosys’ order book stands at $15.4 billion, which is a 23.7% YoY increase. The company’s revenue is expected to remain stable and visible due to this strong order book, leading to a boost in investor confidence and share price.
- Share Buyback – The announcement of a share buyback of up to Rs. 12,000 crores by Infosys has caused the share price to increase, which has also boosted investor confidence.
- Positive Industry Outlook – A report by ResearchAndMarkets predicts that the IT services industry will grow at a CAGR of 7.5% from 2021 to 2026. This has resulted in an increase in investor confidence in Infosys, causing a rise in its share price.
The main reasons for Infosys’ high share price are its strong financial performance, high demand for digital services, a full order book, share buybacks, and a positive industry outlook.
Future Outlook for Infosys Share Price
Infosys’ share price is predicted to rise in the future due to its solid financial performance and the growing need for digital services. The company’s emphasis on innovation and digital transformation provides an excellent opportunity to capitalize on the increasing trend of digitalization.
Let’s look at some of the factors that could impact Infosys share price in the future.
- Economic Conditions – Infosys share price may be affected by the worldwide economic situation. If a significant global economic decline occurs, the company’s revenue will be negatively influenced, which may lead to a decrease in share price.
- Competition – Infosys operates in a highly competitive IT services industry, where it competes with Tata Consultancy Services (T market share. Any significant competitive challenge could cause a decrease in Infosys’ share price.
- Regulatory Environment – Infosys share price may be affected by significant shifts in regulations. If Infosys had been providing services to cryptocurrency firms, the recent prohibition on cryptocurrency in India might affect the company’s earnings.
- Emerging Technologies – The share price of Infosys may be affected by the development of new technologies. If AI and ML become more prevalent, there could be a reduced need for some of the services that Infosys provides.
Conclusion
The share price of Infosys has grown significantly in recent years due to the company’s financial success and innovative solutions. The rise of Infosys’ share price is being fueled by a positive industry outlook, a strong order book, increasing demand for digital services, share buyback, and continued financial growth. With a focus on innovation and digital transformation, the future looks bright for Infosys’ share price. It’s important to keep in mind that factors like economic conditions, competition, regulatory environment, and emerging technologies may influence Infosys’ share price in the future. Therefore, it’s crucial that you conduct comprehensive research and analysis before making any investment decisions, just like with any other investment.
