Infosys Technologies (INFY)
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Latest Updates on Infosys Technologies (INFY)
Share price of INFY was one of the attraction in IT sector on 23rd February 2017. Stock was up by 2.81% (+Rs.27.85) and was trading around 1018 at 2:26 pm at NSE. Technically if stock moves up further then will find resistance around 1031 its recent top. Above 1031 next strong resistance around 1040. Intraday bulls action expecting if stock holds above its resistance zone.
IT giant INFY showed a strong intraday bull rally on 10th February 2017 after the company denied any governance lapses alleged by some sections of the media in reports that have appeared in the last few days on purported rifts among the Founders, the Board and the Management. Stock closed at Rs. 968.30 with a gain of Rs.22.30 (+2.36%), technically further bulls action expecting.
INFY on 31st January 2017, witnessed selling pressure because of H1-B visa bill introduce in US house, most of the IT companies like Wipro, TCS, Tech Mahindra and HCL Technologies fell down around 5% intraday. INFY closed at 928.60 (-2.19%) after making an intraday low 904.35.
INFY on 20th January 2017 said that company to set up local hiring of fresher and experienced in the US and Europe through region specific hub. The company comes up with this idea to combat growing anti immigration policy of current government of Donald Trump.