Infosys share price: Infosys share price, Infosys historical share price, Infosys history and company profile
Infosys’s share price hit a new intraday BSE record of Rs 1,584 on Wednesday, which more than doubled investor money in just one year. Computer inventory has grown nearly 14 percent so far in June. IT Bellwether’s board meeting is scheduled for July 14, 2021 to review and approve the audited consolidated financial results of the company for the quarter ending June 30, 2021. In terms of volume traded, intraday to now 42,000 shares have traded hands on BSE and a total of 17.74 lakh units on BSE.
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Infosys share price in the last 10 days
Infosys share price has hit a daily high of Rs 1,584 and a low of Rs 1,562.60 each, so far in the day. The stock has traded in a range of Rs 1,504-1,584 over the past 10 days. Infosys shares hit a 52-week low of Rs 724 each last year in June. The IT company started a buyback of Rs 9,200 crore, where it offered to repurchase shares at a maximum of Rs 1,750 each, a premium of 11% from current levels. When completed at the maximum price, Infosys will repurchase 5.25 crore of shares.
3rd acquisition of Infosys in 5 years
This is the third takeover by Infosys in the space of five years. Earlier in December 2017, the company had completed a repurchase of 11.3 crore of shares at a price of Rs 1,150 per share for Rs 13,000 crore. In August 2019, Infosys repurchased 11.05 crore of shares at an average of Rs 757.38 per share as part of its buyback offer of Rs 8,260 crore. Since the start of the calendar year, Tata Consultancy Services (TCS) and Wipro have completed their share buybacks. The company in a swap case informed that the last buyback date (whichever comes first) would be December 24, 2021 (6 months from the buyout opening date) or when the company completes the buyback by deploying the amount equivalent to the maximum redemption size.
Infosys – History, facts
Infosys is India’s second-largest exporter of IT services by revenue and has a strong global presence. The IT Barometer offers industry-wide solutions, including next-generation services such as cloud computing, digital transformations, IoT and machine learning, among others. The company also has expertise in providing solutions in the BFSI space. Infosys, in 2019, won a contract to develop the next-generation tax filing system to reduce filing processing time from 63 days to one day and speed up refunds. The Income Tax Department’s new website launched earlier this month.
Infosys released its annual report for 2020-2021 in May this year, which showed CEO Salil Parekh’s compensation included Rs 6.07 crore in salary, Rs 12.62 crore in bonuses, incentives or variable pay, and Rs 30.99 crore in perquisites due to stock options. exercised. His annual salary increased to Rs 49.68 crore in 2020-21. Parekh’s compensation was Rs 34.27 crore in 2019-2020.