GET Stock QuotesNews18 APP
News18 English
Powered by cricketnext logo
»
1-min read

Infosys Share Price Hits Record High as Stock Adjusts for Bonus Issue

Earlier, Infosys announced issue of bonus shares in the ratio of one equity share for every equity share held and a stock dividend of one American Depositary Share (ADS) for every ADS held.

News18.com

Updated:September 4, 2018, 5:02 PM IST
facebookTwittergoogleskypewhatsapp
Infosys Share Price Hits Record High as Stock Adjusts for Bonus Issue
Infosys India. (File photo)
Loading...
Infosys share price jumped 4.4 percent intraday to hit a record high of Rs 748.50 on Tuesday as demand from investors increased as the stock adjusted for bonus issue.

The IT major, India’s second largest, had earlier announced issue of bonus shares in the ratio of one equity share for every equity share held and a stock dividend of one American Depositary Share (ADS) for every ADS held.

The board of directors had approved bonus issue on July 13 and shareholders' approval came in on August 22, 2018.

After the adjustment, the share price had halved from its previous closing value of Rs 1,434.25.

The company has previously adjusted for bonus share issue in one is to one ration in June 2015, December 2014 and July 2006. It also adjusted for bonus issue in the ratio of 3 shares for every share held on July 1, 2004.

The weakening rupee has also boosted buyer sentiment, boosting the share price of not only Infosys but also other tech companies that export services to the United States.

The rupee hit historic low of 71.37 against the US dollar on Tuesday, depreciating more than 11.5 percent year-to-date.
| Edited by: Naqshib Nisar
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Jet Airways 346.50 7.98
Yes Bank 191.00 -7.21
Reliance 1,127.40 2.79
ICICI Bank 367.55 -0.66
Indiabulls Hsg 766.20 -4.80
Company Price Change %Gain
Jet Airways 346.85 8.07
Mindtree 838.20 -0.05
Yes Bank 191.30 -7.14
HDFC 1,887.55 1.91
Info Edge 1,370.00 -0.48
Top Gainers
Company Price Change %Gain
Bharti Airtel 332.75 9.31
HCL Tech 1,022.20 3.38
Eicher Motors 24,735.00 3.30
Grasim 831.90 2.87
Reliance 1,127.40 2.79
Company Price Change %Gain
Bharti Airtel 333.60 9.81
Reliance 1,127.50 2.79
HDFC 1,887.55 1.91
SBI 290.30 1.75
Hero Motocorp 2,954.55 1.28
Top Losers
Company Price Change %Gain
Yes Bank 191.00 -7.21
Indiabulls Hsg 766.20 -4.80
JSW Steel 335.10 -2.76
Tata Steel 574.10 -2.59
IOC 143.35 -2.25
Company Price Change %Gain
Yes Bank 191.30 -7.14
Tata Steel 574.10 -2.47
Maruti Suzuki 7,332.05 -2.02
ONGC 156.55 -1.48
Axis Bank 618.30 -1.17

Live TV

Loading...
Loading...