{"id":146131,"date":"2025-03-12T16:52:21","date_gmt":"2025-03-12T11:22:21","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=146131"},"modified":"2025-03-12T16:52:41","modified_gmt":"2025-03-12T11:22:41","slug":"block-deal-it-stock-in-focus-after-shares-worth-470-cr-exchange-hands","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/block-deal-it-stock-in-focus-after-shares-worth-470-cr-exchange-hands\/","title":{"rendered":"Block Deal: IT stock in focus after shares worth \u20b9470 Cr exchange hands"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2430040490\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of this IT stock, engaged in providing technology, consulting and outsourcing services came into focus on Wednesday after a block deal where shares worth Rs 470 crore exchanged hands.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2796930068\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Stock Performance<\/strong><\/h2><p>With a market capitalization of Rs 6,60,118.56 crore, <strong><a href=\"https:\/\/portal.tradebrains.in\/stocks\/INFY\" target=\"_blank\" rel=\"noreferrer noopener\">Infosys Ltd<\/a><\/strong> fell nearly 6 percent in Wednesday\u2019s trading session and made an intraday low of\u00a0Rs 1,564.15 per share compared to its previous closing price of Rs 1,660.60 per share. The shares reiterated from the day\u2019s low and closed at\u00a0Rs 1,589.60 which is 4 percent lower than the previous closing price.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What Happened<\/strong><\/h2><p>Around 29.8 lakh shares, representing a 0.07 percent stake of the company, exchanged hands in a block deal at an average price of ~Rs 1,575, according to data available on NSE.&nbsp;<\/p><p>This deal comes right after Infosys promoter Shruti Shibulal acquired shares worth Rs 494 crore on Tuesday. She currently holds a 0.07 percent stake in the company.<\/p><div class=\"trade-content_5\" id=\"trade-802754590\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Infosys was among the top Nifty losers today as Morgan Stanley downgraded its rating to &#8216;equal-weight&#8217; from &#8216;overweight,&#8217; due to slowing growth and valuation pressures. The firm has also cut its target price to Rs 1,740 from Rs 2,150.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Company Overview<\/strong><\/h2><p>Infosys is engaged in providing technology, consulting and outsourcing services. The segments of the company include retail, financial services, communication, manufacturing and life sciences among others. Its diverse product portfolio includes Finacle, Panaya platform, Infosys Equinox, Infosys Cortex and many more.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financial Performance<\/strong><\/h2><p>Looking at the financials, Infosys Ltd reported an 8 percent increase in revenue from Rs 38,821 crore to Rs 41,764 crore in Q3 FY25. This was accompanied by a 12 percent increase in net profits from Rs 6,113 crore to\u00a0Rs 6,822 crore during the same period.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>&nbsp;<strong>Written by Shwetha Sairam<\/strong><\/p><\/blockquote><p class=\"has-medium-font-size\"><strong>Disclaimer<\/strong><\/p><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses <\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1022623193\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of this IT stock, engaged in providing technology, consulting and outsourcing services came into focus on Wednesday after a block deal where shares worth Rs 470 crore exchanged hands. Stock Performance With a market capitalization of Rs 6,60,118.56 crore, Infosys Ltd fell nearly 6 percent in Wednesday\u2019s trading session and made an intraday [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":119044,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[5239,3323,8547,8544,948,936,3157],"class_list":["post-146131","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-block-deal","tag-infosys","tag-infosys-latest-news","tag-infosys-share-price","tag-stock-market","tag-stock-market-news","tag-stock-to-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Block Deal: IT stock in focus after shares worth \u20b9470 Cr exchange hands - 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