Know why the stock price of IT giant Infosys is going down the drain?

Infosys share price today:

For the past several trading sessions, the stock of tech company Infosys has been witnessing a steady decline.

Infosys's stock has reached its 52-week low after falling continuously for several days.

Today Infosy's share has seen a decline of 0.20%. During the day's trading, it fell to a low of Rs 1,218.

Actually, this decline in the shares of Infosys is being seen after the fourth quarter results of the company.

Let us tell you that the results of Infosys were less than expected. After which the company's stock fell 4.7 percent in a single day.

In the fourth quarter, the net profit of the company Infosys increased by 8 percent to Rs 6,128 crore.

Indian IT giant Infosys Ltd's revenue grew by 16 percent to reach Rs 37,441 crore, beating estimates.

Infosys's profit and revenue did not meet expectations. Brokerage firm JP Morgan recently downgraded the rating of Infosys.