Infosys shares slide over 2%; Hyderabad campus expansion fails to lift sentiment
The stock opened at ₹1,191.90, touched an intraday high of ₹1,194.50, and slid to a low of ₹1,153.00 by early afternoon, with sell orders accounting for roughly 68 per cent of total traded quantity.
Infosys shares experienced a 2.60% decline, closing at ₹1,154.20 on the National Stock Exchange on Monday, November 2. The company announced the expansion of its Pocharam Development Center in Hyderabad, Telangana, with the inauguration of a new 1.1 million sq. ft. Software Development Block. Despite this, the stock opened at ₹1,191.90, reached an intraday high of ₹1,194.50, and fell to a low of ₹1,153.00, with sell orders accounting for 68% of the total traded quantity.
The broader weakness in the counter is reflected in its year-to-date decline of 29.17%, against the Nifty 50's 11.16% fall over the same period.
Brief written by urgent.news from Hindu BusinessLine's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
