Bullish bells in Infosys

-
Infosys is a global leader in providing next-gen digital services, consulting and outsourcing services to its clients across the globe. The company has an experience over three decades which has evolved with the industry by providing global standard services to its customers. The company is well-known for its digital transformation services with evolving changes in the industry with an AI-powered core that helps the company to evolve. With the difficulties faced in the banking industry, there is a need for transformation in the industry which are to be provided by the IT companies. Infosys being the global leader, is one of the major player for providing services to the banks.

The following chart of Ichimoku cloud indicator shows an upward trend for the stock as the formation of green cloud continues in an upward direction. The Chikou span line (lagging indicator) which is also portraying an upward trend for the stock as it can be seen rising. The conversion line is below the base line which indicates a buy signal for the stock as the price movement is depicting an upward trend.


The Company had written off its share of investment worth $4.5mn in an US startup Waterline Data which offers data discovery and data governance software to their clients with a self-service data catalog for them to understand the data. Also the company’s whistleblower investigation with the Securities and Exchange Commission (SEC) has concluded with an anticipation of no further action on the matter has helped it to continue its operations without any legal disruptions. The lockdown of the companies across the country due to the Coronavirus outbreak has caused the company to halt its operations and business travels. The company would be saving up on the discretionary funds as the restriction on travelling has been made strict by the government.

The Bollinger band chart along with the Parabolic SAR shows the change in the trend for the stock as it shows an upward trend which can be observed by the formation of the bullish candlesticks. The IT stocks have been withstanding the Coronavirus outbreak as the operations are being carried by the employees with the adoption of “work from home” culture.

Comments

Post a Comment

Popular posts from this blog

WHAT'S IT LIKE TO LIVE IN THE HOSTELS OF CHRIST LAVASA?

-
Image
“From holding the keys for the first time and being nervous to stepping into a doorway of comfort, the hostel rooms are home here.” Life at CHRIST Hostel, Lavasa is beyond the norms of what people perceive as the regular hostel experience. With a unique setup, the Lavasa hostels offer a new-age lifestyle along with security. Students who live in the hostel experience a life less ordinary for several reasons: A diverse community The rooms here are not of the dormitory nature but are in the form of apartments and villas. Students get to interact with people of multiple ethnicities and varied cultural backgrounds while availing themselves of personal space. This not only widens their cultural horizon but helps everyone accept each other, get exposure to different traditions, and have a chance to find their true tribe in this city. “ Truly, North meets South and East meets West here at home. ” Form of independence For most students, the college hostel is the first experience of being alone...
Read more

PANEL DISCUSSION ON LEADERSHIP & ENTREPRENEURSHIP DEVELOPMENT SKILLS

-
Image
The School of Commerce, Finance and Accountancy organized a "Panel Discussion on Leadership and Entrepreneurship Development Skill " on 4th March 2022 at 1:30 PM at CHRIST (Deemed to be University), Pune Lavasa Campus.   Ms Ayushi Chandna student of 6 BCom (Financial Analytics) commenced the session with silent prayer & briefed about the Panel Discussion. This was followed by an introduction about the resource persons by Ms Pretty Rose Sebastian & Mr Shreeyash Goel, Students of 6 BCom (Financial Analytics). The Head of the Department, Dr Vandana Bhagat addressed the session and welcomed the Resource persons. The Session Moderator Dr Jayant Mahajan started with setting the context about the Panel Discussion with his collective years of experience and expertise in the field, Then the First Resource Person Mr Rajiv Chelladurai discussed the Leading Self, Emotional Intelligence, Relationship Builder, Continuous learner and the Problem Solver. The students were asked quest...
Read more

WEBINAR ON ROLE OF DIGITAL MARKETING IN THE PHARMACEUTICAL SECTOR

-
Image
The webinar on “Role of Digital Marketing in the Pharmaceutical Sector” by Dr Manoj Kumar, Senior Vice President and Strategic Business Unit Head with INTAS/Accord Pharmaceuticals was organized by the School of Business and Management (BBA) at CHRIST (Deemed to be University), Pune Lavasa Campus on 16th December 2021.  The guest speaker, Dr Manoj Kumar, endorsed the impact and relevance of digital marketing in the Indian pharmaceutical industry with specific relevance to super-specialists. As doctors may not be available everywhere due to infrastructure and geographical constraints, digital consultancy showed a new way of a career in the pharmaceutical sector during COVID times The pandemic was the time when healthcare workers were praised and called superheroes. We realized how pharmaceutical companies had a big role in this too. From the production of life-saving medicines to covid vaccines, they did it all. But what we do not realize is that marketing had a big role to play in a...
Read more