Previous close | 16.75 |
Open | 16.95 |
Bid | 16.80 x 114000 |
Ask | 17.85 x 20000 |
Day's range | 16.95 - 17.05 |
52-week range | 14.20 - 19.75 |
Volume | |
Avg. volume | 321 |
Market cap | 72.276B |
Beta (5Y monthly) | 0.55 |
PE ratio (TTM) | 23.87 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 0.51 (3.05%) |
Ex-dividend date | 31 May 2024 |
1y target est | N/A |
BENGALURU (Reuters) -Infosys CEO Salil Parekh settled charges for failing to place adequate internal controls to prevent insider trading at India's No.2 IT services exporter during a 2020 contract, the country's markets regulator said on Thursday. Parekh agreed to pay 2.5 million rupees (around $30,000) to settle the markets regulator's charge, which related to a contract for Infosys to provide U.S. financial firm Vanguard with a cloud-based record-keeping platform. Infosys publicly disclosed the deal in 2020, but the Securities and Exchange Board of India said "certain information which was unpublished price sensitive information (UPSI) had not been considered as such by Infosys".
Today's Research Daily features new research reports on 16 major stocks, including NIKE, Inc. (NKE), Stryker Corporation (SYK) and The TJX Companies, Inc. (TJX).
In a recent series of investor meetings in the US, Infosys’ CFO and Financial Controller shared optimistic updates on the company's progress and future outlook. According to BofA, Infosys (NS:INFY) is tracking well for the first quarter of FY24, thanks to the ramp-up of several major deals initiated in March. Despite recent underwhelming performances from other software and digital firms, Infosys management believes their cautious assumptions regarding discretionary spending will shield them from additional pressures.