The stock has added 12.3% in the past one month compared with a 3% rise in Nifty 50 index.
On the technical front, the stocks RSI (relative strength index) stood at 78.452. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30.
The stock is trading above its 50 and 100 days simple moving average placed at 1382.02 and 1351.35 respectively. These levels will act as crucial support zones in near term.
Meanwhile, the benchmark S&P BSE Sensex slumped 370.63 points or 0.71% to 51,952.70.
Infosys is a global leader in next-generation digital services and consulting. On a consolidated basis, Infosys reported a 2.3% decline in net profit to Rs 5,076 crore on 1.5% increase in revenues to Rs 26,311 crore in Q4 March 2021 over Q3 December 2020.
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