Infosys Share Price: Market Performance and Key Updates

Market Performance

On March 12, Infosys shares witnessed fluctuations during the trading session. The stock opened at ₹1,639.65 and experienced a decline of 4.6%, reaching an intraday low of ₹1,564.15. By the end of the trading day, Infosys shares settled at ₹1,589.60, marking a 4.28% decrease on the Bombay Stock Exchange (BSE). Over the past month, Infosys shares have declined 13.74%, with a year-to-date (YTD) drop of 15.54%. The company's market capitalization currently stands at ₹6,60,118.56 crore.

Block Deal Transaction

On March 12, a notable transaction took place involving Infosys shares. Shruti Shibulal, a promoter of Infosys, acquired 29.84 lakh company shares through an open-market deal. As per data from the National Stock Exchange (NSE), the transaction was completed at an average price of ₹1,574 per share, bringing the total deal value to approximately ₹469.69 crore. The seller in this transaction was Gaurav Manchanda, a family member of Infosys co-founder and former CEO SD Shibulal, who offloaded an equivalent number of shares at the same price. This transaction followed another purchase by Shruti Shibulal on the previous day, amounting to ₹494 crore.

Financial Performance (Q3 FY25)

Infosys announced its financial results for the third quarter of FY25 on January 16. Key highlights from the report are as follows:

• Revenue: The company's revenue for the October-December quarter stood at ₹41,764 crore, reflecting a year-on-year (YoY) increase of 7.6%.
• Net Profit: Infosys posted a net profit of ₹6,806 crore, representing an 11.4% YoY growth compared to ₹6,106 crore in the corresponding quarter of the previous year.
• Revenue Growth in Constant Currency Terms: The revenue in constant currency (CC) terms increased by 6.1% YoY but saw a sequential decline of 1.7%.
• Order Bookings: Large deals valued at over $50 million amounted to $2.5 billion during the quarter. This increased from $2.4 billion in the previous quarter but was lower than $3.2 billion in the same quarter of the prior year.
• Attrition Rate: The voluntary attrition rate in the IT services segment increased to 13.7%, up from 12.9% in the previous quarters.
• Employee Strength: Infosys reported a total workforce of 323,379, reflecting a slight increase from 322,663 employees in the same quarter last year.

Conclusion

Infosys experienced a significant block deal on March 12, with a major acquisition by Shruti Shibulal amounting to ₹469 crore. Meanwhile, the company's financial results for Q3 FY25 reflected steady revenue growth and an increase in net profit. Despite fluctuations in stock performance and a rise in attrition rates, Infosys maintains a strong market position with stable business operations.