|Bid||10.87 x 47300|
|Ask||10.89 x 21500|
|Day's Range||10.72 - 10.92|
|52 Week Range||8.76 - 12.08|
|Beta (5Y Monthly)||0.04|
|PE Ratio (TTM)||20.07|
|Forward Dividend & Yield||0.22 (2.07%)|
|Ex-Dividend Date||Oct 20, 2019|
|1y Target Est||11.46|
Amid an overall bull market, many stocks that smart money investors were collectively bullish on surged in 2019. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 57%. Our research shows that most of the stocks that smart money likes historically generate strong risk-adjusted returns. That's why we weren't […]
(Bloomberg) -- India’s stocks rose as investors turned their focus to companies’ October-December earnings reports.The S&P BSE Sensex advanced 0.6% to a record 41,859.69 in Mumbai. The NSE Nifty 50 Index also climbed 0.6% to a new high of 12,329.55. Infosys Ltd. was the biggest boost to both gauges.Infosys, Asia’s second most-valuable software exporter, on Friday posted quarterly net income after market hours that beat the highest analyst estimates. The company raised its sales-growth outlook for the year ending March 2020 to between 10% and 10.5%.Software exporter Wipro Ltd. and IndusInd Bank are scheduled to announce results on Tuesday.Strategist View“The broader market under-performance should take a pause now and earnings will help selective midcap stocks to gain,” said Pritam Deuskar, a Mumbai-based analyst with Bonanza Portfolio Ltd. “We expect consumption and entertainment stocks to do well.”The NumbersAll 19 sector indexes compiled by BSE Ltd. rose, led by a gauge of realty companiesInfosys contributed the most to the Sensex gain and had the largest move, increasing 4.8%Yes Bank Ltd. declined 5.9% after its board approved raising $1.4 billion, while rejecting an investment bidMarket-related storiesFirst Glimpse Into Indian Defaulters’ $25 Billion Debt PileWalmart Cuts a Third of India Executives, Plans More: ReportDeutsche Bank’s Dhir Hired by Yes Bank for Corporate Bank RoleStick With Infosys, Analysts Say, as Whistle-Blower Worries EndJubilant Foodworks a Buy at I-Sec Despite 57% Gain Since Aug LowTo contact the reporter on this story: Nupur Acharya in Mumbai at firstname.lastname@example.orgTo contact the editors responsible for this story: Lianting Tu at email@example.com, Paul JarvisFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.
Infosys (NYSE: INFY), a global leader in next-generation digital services and consulting has partnered with GEFCO, a world leader in multimodal supply chain solutions and the European leader in automotive logistics, to support its digital transformation over the next five years.
A less-than-stellar jobs reports caused stocks to take a breather on Friday. Let's take a look at a few top stock trades for next week: Top Stock Trades for Tomorrow 1: Disney (DIS)Source: Chart courtesy of StockCharts.comWhile the broader market continues to churn its way to new highs, Disney (NYSE:DIS) stock is not whistling the same tune. To be fair, the stock is still up big, but after peaking in late-November, it's been unable to garner much upside action.It sits on key support, as investors wonder whether this will give DIS a much-needed boost or if it will fail and trigger more declines.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe stock was trading in a descending triangle pattern, as downtrend resistance (blue line) squeezed shares lower against a static level of support (black line). However, rather than break down -- which DIS almost did -- shares broke out over downtrend resistance.Almost right away though, shares were back under pressure, selling back down to $144.50. Now sitting near short-term support, the backside of prior downtrend support and the 50-day moving average, this is make-or-break territory in the short term. * The 7 Most Important Companies That Didn't Survive the 2010s On a bounce, see if DIS can take out its recent high at $148. If support fails, a test of the 200-day may be in order. Six Flags (SIX)Source: Chart courtesy of StockCharts.comSix Flags (NYSE:SIX) was decimated on Friday after warning on revenue. Shares blew through downtrend support (blue line) and right through the $40 mark, which has been a notable level over the past five years.Now just under $36, SIX is definitely in no man's land.If it continues lower, look to see if the $32.50 to $33 area buoys the name. If it begins to rally, see if the stock can reclaim prior downtrend support, then $40. Citigroup (C)Source: Chart courtesy of StockCharts.comCitigroup (NYSE:C) was the "pick of the decade" by Bank of America analysts the other day, but shares are looking tired ahead of its earnings report on Tuesday.In the event that we see more selling next week, either ahead of or after earnings, this one may be a solid buy-the-dip candidate. Specifically, I'm looking for a pullback to the $76 area, which was a big multi-year breakout level.Even though that would put it below uptrend support (blue line) and the 10-week moving average, that level would represent a good spot to nibble a long position -- provided its earnings results are not dramatically worse than expected. * 7 Earnings Reports to Watch Next Week Below that, and the $70 to $72 area may be a good spot to buy as well. Over last week's high of $81.26 and C can keep on running. Infosys (INFY)Source: Chart courtesy of StockCharts.comFor a $45 billion company, Infosys (NYSE:INFY) really does fly under the radar. The company rallied hard on Friday after reporting earnings, but has since given up most of those gains.It could not penetrate the $11.20 level and is being sold into the close. From here, bulls will want to see the $10.40 to $10.50 level hold as support. The former has been significant over the past year, while the latter marks the 200-day moving average.On a rebound, see if INFY can take out $11.20.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long DIS. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The Top 15 Stocks to Buy in 2020 * The 7 Most Important Companies That Didn't Survive the 2010s * 4 Mega-Tech Stocks Reaching for the Sky The post 4 Top Stock Trades for Monday: DIS, SIX, C and INFY appeared first on InvestorPlace.
"Q3 results further underscore that we remain steadfast in our journey of sustained client relevance and deepening engagement with them, as they partner with us in navigating their next in the digital transformation era", said Salil Parekh, CEO and MD. "For us, this has translated into double digit growth year-to-date, leading to an increase in revenue guidance, accompanied by expanding operating margins."
The company said in a statement on Friday that it had interviewed almost 80 people and reviewed more than 200,000 documents since late October when the allegations were made public, and has determined that they were substantially without merit. “The investigation as far as I’m concerned is over,” said chairman Nandan Nilekani in a testy press conference after the findings were announced.
India's second-biggest IT company, Infosys Ltd , said it found no evidence of financial misconduct by its executives following a investigation into whistleblower complaints. Bengaluru-headquartered Infosys, which earlier on Friday raised its revenue forecasts due to upbeat demand from Western clients, said an audit committee report exonerated Chief Executive Officer Salil Parekh and Chief Financial Officer Nilanjan Roy of all allegations, including accusations that the duo prevented employees from presenting data on large deals. "I'm very happy that CEO Salil Parekh and CFO Nilanjan Roy have emerged from this stronger," Infosys Chairman Nandan Nilekani told reporters.
Infosys, a massive IT corporation with more than 200,000 employees worldwide, has leased more than 60,000 square feet at a 300-acre business park in North Austin, according to multiple sources.
NEW YORK, NY / ACCESSWIRE / December 23, 2019 / The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. There is no cost to participate ...
LOS ANGELES, CA / ACCESSWIRE / December 19, 2019 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Infosys Limited ("Infosys" or "the Company") (NYSE:INFY) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between July 7, 2018 and October 20, 2019, inclusive (the ''Class Period''), are encouraged to contact the firm before December 23, 2019.
NEW YORK, NY / ACCESSWIRE / December 23, 2019 / The securities litigation law firm of The Gross Law Firm issues the following notice on behalf of shareholders in the following publicly traded companies. Shareholders who purchased shares in the following companies during the dates listed are encouraged to contact the firm regarding possible Lead Plaintiff appointment. A class action has commenced on behalf of certain shareholders in Infosys Limited.
NEW YORK, NY / ACCESSWIRE / December 23, 2019 / Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Infosys Limited ("Infosys" or the "Company") ...
NEW YORK, Dec. 23, 2019 -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Infosys Limited (NYSE: INFY) between July 7, 2018 and.
SAN FRANCISCO, CA / ACCESSWIRE / December 23, 2019 / Hagens Berman alerts Infosys Limited (NYSE: INFY) investors of today's deadline to move for lead plaintiff in a securities fraud class action pending ...
Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have only until December 23, 2019 to file lead plaintiff applications in a securities class action lawsuit against Infosys Limited (INFY), if they purchased the Company’s securities between July 7, 2018 and October 20, 2019, inclusive (the “Class Period”). This action is pending in the United States District Court for the Eastern District of New York. If you purchased securities of Infosys and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (firstname.lastname@example.org), or visit https://www.ksfcounsel.com/cases/nyse-infy/ to learn more.