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Infosys Limited
Infosys Limited (NYSE: INFY) is an India-based company, which provides consulting, technology, outsourcing and digital services. Its segments include Financial Services; Retail; Communication; Energy, Utilities, Resources and Services; Manufacturing; Hi-Tech; Life Sciences and All other segments. All other segments represent the operating segments of businesses in India, Japan, China, Infosys Public Services, and other enterprises in public services.
As per our previous US American Technology report published on ‘INFY’ on 23rd April 2024, Kalkine provided an ‘Buy’ stance on the stock at USD 17.17 based on “decent fundamentals, associated risks, higher profitability metrics, and valuation” and the stock price has now moved by ~29.59% since then and has attained resistance 1 and resistance 2.
Noted below are the details of support and resistance levels provided in our previous report:
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