Infosys share price in focus as stock trades ex-dividend today

Stock Market Today: Infosys Ltd share price will remain in focus on Tuesday as stock trades ex-dividend today. Infosys post its financial results on 17 October also had declared an interim dividend of ₹ 21/- per equity share and fixed October 29, 2024 as a record date. This means that the investors who had bough Infosys shares and have them in their demat account prior to 29 October will be eligible for the dividend payout.

Infosys also had fixed 8 November, 2024 as a payout date. Infosys share price had closed at ₹ 1866.25 on the BSE Monday.



The Infosys share price though may have corrected marginally in last one month with selling pressure in the markets however has still given close to 30% returns to investors in last six months On October 17, 2024, Infosys released its Q2 results, showing a 5.11% year-over-year gain in topline and a 4.73% increase in profit.

While profit increased by a modest 2.17% over the previous quarter, revenue increased by 4.25%.

In Q2, the earnings per share (EPS) increased by 4.29% year over year to ₹ 15.84.

Given its steady profitability, this increase in EPS was likely to boost investor confidence. Meanwhile Infosys on Monday also announced that it has completed the acquisition of Blitz 24-893 SE, Germany, through Infosys Singapore Pte. Ltd.

a wholly owned subsidiary of Infosys Limited. The approval of acquisition of Blitz 24-893 SE was also given by its Board of directors in their meeting on October 17 to consider financial results for quarter ending 30 September. Among others Infosys Board also had approved merger of other subsidiaries.

It had approved merger of WongDoody Inc (wholly owned subsidiary) and Blue Acorn iCi Inc, Outbox Systems Inc., d.b.

a Simplus and Kaleidoscope Animations Inc (step-down subsidiaries) with Infosys Nova Holdings LLC (wholly owned subsidiary). Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions.

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