Infosys Share Price History Data 2023: Infosys is an Indian multinational corporation that provides business consulting, information technology, and outsourcing services. It is one of the largest IT companies in India and is listed on the Indian stock exchanges. The company has a history of strong financial performance and its stock prices have been closely watched by investors over the years.
The Infosys was founded in 1981 and went public in India in 1993. Since then, the company’s stock prices have seen many ups and downs. Here is a brief overview of the key events and milestones in Infosys’ share price history:
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- 1993-1994: Infosys went public with an initial public offering (IPO) of 5.2 million shares at a price of INR 95 per share. The stock was oversubscribed 17 times and the IPO was a huge success, making Infosys one of the most valuable companies in India at the time.
- 1995-2000: Infosys saw tremendous growth during this period, driven by the boom in the Indian IT industry and the Y2K bug. The company’s share price increased from around INR 150 in 1995 to over INR 15,000 in 2000.
- 2000-2002: The dot-com bubble burst and Infosys’ share price saw a sharp decline, falling from over INR 15,000 in early 2000 to around INR 2,000 in 2002.
- 2002-2007: Infosys saw a period of steady growth during this period, with its share price increasing from around INR 2,000 in 2002 to over INR 3,500 in 2007.
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- 2008-2009: The global financial crisis had a major impact on Infosys’ share price, which fell from over INR 3,500 in early 2008 to around INR 1,000 in early 2009.
- 2010-2014: Infosys saw a period of moderate growth during this period, with its share price increasing from around INR 1,000 in 2010 to over INR 3,000 in 2014.
During 2015 to 2019
- 2015-2017: Infosys’ share price remained relatively stable during this period, trading between INR 1,000 and INR 1,200.
- 2018-2019: Infosys’ share price saw a period of strong growth, increasing from around INR 1,200 in early 2018 to over INR 8000 in early 2019.
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- 2020-2021: The COVID-19 pandemic had a significant impact on Infosys’ share price, which fell from over INR 8000 in early 2020 to around INR 1300 in March 2020. However, the stock recovered quickly and by early 2021 was trading around INR 1400.
Co-founder Nandan Nilekani
- In 2017, Infosys went through a leadership change when co-founder Nandan Nilekani returned to the company as chairman. This was after the previous CEO, Vishal Sikka, resigned following a clash with some of the company’s founders over strategy and corporate governance. Nilekani’s return was seen as a positive development by investors and may have contributed to the company’s relatively stable share price during that period.
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Buyback Program
- In 2018, Infosys announced a share buyback program, which involves a company buying back some of its own shares from the market. This move is often seen as a way for a company to return excess cash to its shareholders and to boost its stock price. Infosys’ share buyback program was for up to INR 13,000 crore, or about 4.9% of its total equity. This may have helped to drive up the company’s share price during that period.
Dividends
- Infosys has paid out dividends to its shareholders every year since 1994. Dividends are a portion of a company’s profits that are distributed to its shareholders, typically on a regular basis. Infosys’ dividend payouts have varied over the years, but the company has generally maintained a consistent dividend policy. This may be seen as a positive signal to investors, as it indicates that the company is financially stable and committed to sharing its profits with shareholders.
Recent Years
- In recent years, Infosys has faced increasing competition from other Indian IT companies as well as from global giants like IBM, Accenture, and TCS. This may have put pressure on the company’s share price and financial performance. However, Infosys has continued to invest in new technologies and services and has sought to differentiate itself from its competitors through innovation and customer service.
- Infosys is one of the most widely held stocks by foreign institutional investors (FIIs) in India. FIIs are large investors, such as mutual funds, pension funds, and hedge funds, that invest in the Indian stock market. As of March 2021, FIIs held around 40% of Infosys’ total shares. This may indicate that the company is seen as a good investment opportunity by international investors and may have contributed to its share price performance over the years.
Overall, Infosys’ share price history reflects the company’s growth and challenges over the years. While the stock has seen many ups and downs, Infosys has remained a key player in the Indian IT industry and has continued to deliver strong financial performance.
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