Infosys Share Rallies 1.87% to ₹1,446 in Early Trade; Gains on Positive Q4 Reaction
Infosys share jumped nearly 2% to ₹1,446 in early trade on April 21 after upbeat Q4 earnings. Brokerages see margin resilience and digital growth ahead.
Key Highlights:
Infosys Share Jumps to ₹1,446 in Early Trade After Solid Q4 Earnings
Infosys Share surged ₹26.50 or 1.87% to quote at ₹1,446.00 as of 9:39 AM IST on April 21, reacting positively to its Q4 FY24 results released last week. The stock opened strong at ₹1,410 and climbed to a high of ₹1,462.70 as investors cheered better-than-expected margin performance and stable large-deal wins.
Infosys Q4 FY24 Highlights
Infosys posted a consolidated net profit of ₹6,610 crore, up 30% QoQ, beating street expectations. Other key figures include:
- Revenue: ₹37,923 crore (up 1.3% QoQ)
- Operating margin: 20.1% (vs 20.5% QoQ)
- Large deals signed: $4.5 billion (22 total)
- Attrition rate: Reduced to 12.4%
- FY25 revenue growth guidance: 6–8% in constant currency
The management indicated cautious optimism for FY25 with stable demand from BFSI and manufacturing clients.
Infosys Share Snapshot – April 21
| Parameter | Value |
|---|---|
| Current Price | ₹1,446.00 |
| Day’s High | ₹1,462.70 |
| Day’s Low | ₹1,410.00 |
| Previous Close | ₹1,419.50 |
| Market Cap | ₹5.99 Lakh Cr |
| P/E Ratio | 22.48 |
| Dividend Yield | 2.84% |
| 52-Week High | ₹2,006.45 |
| 52-Week Low | ₹1,307.00 |
Infosys vs IT Sector Peers
| Stock | Price (₹) | Change (%) |
|---|---|---|
| Infosys | 1,446.00 | +1.87% |
| TCS | 3,929.20 | +0.65% |
| Wipro | 461.10 | +0.52% |
| HCLTech | 1,623.40 | +1.20% |
| Tech Mahindra | 1,303.70 | +0.95% |
Infosys emerged as the top gainer among frontline IT stocks in early trade.
Infosys Technical Levels to Watch
| Level Type | Price (₹) |
|---|---|
| Immediate Support | 1,430 |
| Strong Support | 1,410 |
| Resistance Zone | 1,460 / 1,485 |
| Breakout Target | 1,520 |
A close above ₹1,460 with strong volume could lead to a short-term rally toward ₹1,500–1,520 levels.
Brokerages React to Infosys Q4 Results
- JP Morgan: “Q4 beat expectations. Guidance is conservative. Maintain ‘Neutral’, TP ₹1,500.”
- Motilal Oswal: “Positive on large deal pipeline and margin levers. Buy with TP ₹1,620.”
- Nomura: “Improving execution but macro remains uncertain. Retain ‘Reduce’, TP ₹1,360.”
Final Word on Infosys Share Today
Infosys share started the session on a strong footing, backed by a positive response to Q4 results. Improved deal wins and stable margins have lifted investor sentiment. Traders should track ₹1,460 for confirmation of a breakout, while long-term investors may continue to accumulate on dips with an eye on FY25 guidance execution.
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