The stock of Infosys Ltd has almost touched its 52-week low today. The company has a market capitalisation of Rs 5,79,218.30 crore at the time of writing the story. The shares of Infosys Ltd have witnessed a dip of 6% in just 1 week, 13% in 1 month, and 5% in last 3 months. In the last 6 months the stock has fallen by 25%.
The correction in the Infosys stock is more of a technical correction, according to experts. It is worth noting that the entire IT industry is in a corrective phase along with Infosys amid the surging US bond yields.
It is worth noting that the two-year bond touched 14-year high at 3.51% and 10-year bond surged to 3.22%. Surging bond yields reflect reduced bond prices because investors prefer to sell bonds in the hope of higher interest rates in future. Check some of the key aspects of Infosys Ltd below:
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