Infosys Shares Decline Despite Overall Market Uptick
In Monday's stock market trading, Infosys (NS:INFY) Ltd.'s shares saw a decrease of 1.42%, closing at 1,474.75 Indian rupees, despite the S&P BSE Sensex Index's marginal rise of 0.02% to 66,023.69, indicating an overall positive day for the market.
The IT company's shares ended the day at a significant distance from its 52-week high of 1,672.45 rupees, which it achieved on December 1, falling short by 197.70 rupees.
Infosys Ltd.'s performance on Monday was notably weaker compared to its business competitors. Shares of Tata Consultancy Services (NS:TCS) Ltd. recorded a less significant drop of 0.74%, closing at 3,577.15 rupees, while Wipro (NYSE:WIT) Ltd.'s shares declined by 1.05%, settling at 414.10 rupees.
In another development, Infosys Ltd.'s trading volume for the day surpassed its 50-day average volume of 377,860 trades by reaching 438,533 trades.
This information is based on data extracted from Dow Jones and FactSet by Automated Insights.
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