Stock market: Investors of these two stocks were upset in the weekly expiry session, know the reason

Shares of country’s leading IT company Infosys are going through a bad phase are. Given the recent decline, the stock looked set to hit a new 52-week low, and those predictions have come true. Infosys shares touched a high of Rs 1360 on the BSE index. This is the 52-week low. The stock had closed […]
 


Stock market: Investors of these two stocks were upset in the weekly expiry session, know the reason

Shares of country’s leading IT company Infosys are going through a bad phase are. Given the recent decline, the stock looked set to hit a new 52-week low, and those predictions have come true. Infosys shares touched a high of Rs 1360 on the BSE index. This is the 52-week low. The stock had closed at Rs 1,368 on Thursday. From this perspective, the share price of Infosys has reached a 52-week low. Now the question is why this decline is happening and is it the right time for investors to invest?

experts estimate

According to Pavitra Shetty, co-founder of Tips2Trades, the stock of Infosys may rise in the coming days. In the coming days it will be Rs. 1,630 to Rs. Can go up to 1,700. Vineet Bolingkar, Head of Research, Ventura Securities, says that the company will be able to do well. Due to this the share price is Rs. 1,627. Santosh Meena, Head of Research, Swastika Investmart says that in the near future it will increase to Rs. A move towards 1,700 levels can be expected. GCL CEO Ravi Singhal said the stock could go up to Rs 1,600 in the next 3 to 6 months.

Infosys Ltd Stock Performance
final finish 1,367.80 −8.75 (0.64%)
Open 1,376.00
High 1,383.75
low 1,360.05
market cap 5.74LCr
P / E ratio 25.82
div yield 2.27%
52-week high 1,953.70
52-Week Low 1,360.05

The short-term fall in Infosys shares is being attributed to the dominance of negative news in the IT sector. In a recent report by Goldman Sachs, the shares of this company were downgraded. The stock has lost 17.16 per cent in one year and 25.86 per cent in 2022.

Fortis Healthcare shares fall 15 per cent in 1 day

The share of Fortis Healthcare (Fortis Healthcare Shares) declined by 19 per cent on the weekly expiry day in the stock market. Shares on the NSE and BSE traded at Rs. 250.35 and Rs. It fell to the level of 255.75. The major fall in the stock comes after a Supreme Court order on Japanese drugmaker Daiichi Sankyo’s Fortis-IHH deal. Refusing to lift the ban on IHH’s open offer, the Supreme Court disposed of Daiichi’s petition and ordered a forensic audit of the transaction. In the case, the top court also sentenced the promoters of Fortis Healthcare Singh Brothers to 6 months jail while referring the issue of Fortis-IHH deal to the Delhi High Court. The Delhi High Court will now decide on the open offer of Fortis.

Fortis Healthcare Stock Performance
final finish 264.80 -46.55 (14.95%)
Open 318
High 323.7
low 250.35
market cap 20.02 TCR
P / E ratio 48.22
52-week high 325
52-Week Low 219.75

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