Thursday, 29 May 2014

Intraday Stock Trading Tips for Today

Shares in India's Infosys Ltd fell 4.7 percent at pre-open trading after president and board member B.G. Srinivas, seen by some investors as a candidate to take over as CEO, resigned.

Infosys did not give a reason for his resignation in its statement to India's stock exchanges. Srinivas, who joined in 1999, will remain in his role until June 10. He is the latest senior manager to leave India's second-largest software services exporter..Infosys was the top loser on the 50-share Nifty benchmark. 

 Infosys was quoting at Rs 2977.15, down Rs 195.05, or 6.15 percent. The 52-week high of the share was Rs 3847.20 and the 52-week low was Rs 2315.75. The company's trailing 12-month (TTM) EPS was at Rs 177.52 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 16.77. The latest book value of the company is Rs 733.03 per share. At current value, the price-to-book value of the company is 4.06.

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