Infosys Stock Hits 52-Week High, Receives 'Buy' Call from MarketsMOJO

Infosys, a leading IT software company, has recently reached a new milestone as its stock price hit a 52-week high on January 19, 2024. This positive development has been noted by MarketsMOJO, who have given a 'Buy' call for the company's stock.

The stock has been performing well in the market, with today's price of Rs.1665 being the highest in the past 52 weeks. It has also been in line with the overall performance of the IT software industry. In fact, Infosys has been on a consecutive gain for the last 3 days, with a 1.87% increase in returns during this period.

The stock has also been trading in a narrow range of Rs 16.05, indicating stability and consistency in its performance. Furthermore, Infosys is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which is a positive sign for investors.

In comparison to the Sensex, Infosys has shown a 7.71% increase in performance over the past year, while the Sensex has only seen a 17.97% increase. This showcases the company's strong performance and potential for growth in the IT software industry.

With its consistent performance and positive outlook, Infosys is definitely a stock to watch out for in the largecap category. Investors can consider adding it to their portfolio for potential long-term gains.