Ritika
Amidst heavy volatility in the stock market, one of the IT giants Infosys has come down to a 52-week low. At the same time, the shares of LIC, which have been drowning the money of their investors since the listing, are also getting beaten badly. On Wednesday, Infosys had come down to a 52-week low of Rs 1367.15, although it managed to close at Rs 1377.25 with a loss.
Infosys: Buying target at Rs 1665
On the other hand, Life Insurance Corporation of India ie LIC also came down to a 52-week low of Rs 650. Its 52-week high is Rs 949, while that of Infosys is Rs 1953.90. As far as the opinion of market experts on Infosys shares are concerned, they are still bullish on it. Out of 44, 17 are strong buy and 17 are buying advice. Only 3 have given sell advice and 7 have given hold. BNP Paribas Securities has given a buying target of Rs 1,665.
Read also: Domestic markets may be drowned in the flood of fall in US stock market
If you look at the price history of Infosys stock, then this stock has lost more than 13 percent in the last one month. Whereas, in one year it has given a negative return of about 20 percent. It has given more than 202 per cent returns in five years.
Hold or buy LIC
As far as the performance of LIC shares is concerned, this stock has so far disappointed its investors. Since the listing, it has fallen more than 25 percent so far. If we talk about investing in it at the current rate, then 6 out of 8 analysts are advising to invest money in it. At the same time, for those who have LIC stock, two have advised to hold.
(Disclaimer: The performance information provided here is not investment advice only. Investing in the stock market is subject to risks and please consult your advisor before investing.)
