RY 156.04 -0.032% TD 79.81 -0.4615% SHOP 99.81 0.9303% CNR 158.79 0.6401% ENB 53.84 0.4478% CP 111.87 0.8019% BMO 112.71 0.7419% TRI 225.62 0.396% CNQ 50.46 2.4777% BN 67.8 1.194% ATD 76.93 -1.0674% CSU 4321.5298 0.3257% BNS 67.27 1.3102% CM 78.76 1.5603% SU 54.66 -1.1037% TRP 62.42 1.2162% NGT 70.54 0.2558% WCN 251.32 0.3153% MFC 36.65 -0.0818% BCE 47.21 0.3187%

blue-chip

One NYSE-Listed Technology ADR at Resistance Level: Infosys Limited

Jul 19, 2024 | Team Kalkine
One NYSE-Listed Technology ADR at Resistance Level: Infosys Limited

INFY:NYSE
Investment Type
Large-cap
Risk Level
Action
Rec. Price (US$)

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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