Infosys Limited, India’s second giant in the IT sector after TCS, subsequently presented the plans to hire 15,000 to 20,000 fresh graduates in the fiscal year 2024-2025.
Table of Contents
Infosys share price has risen by ₹ 42.5 with a ap up opening on the last working day, benefiting the retailers with this move, with the news of freshers intake and market analysis, we presented a detailed analysis and reports down below.
Infosys Limited, India’s second giant in the IT sector after TCS, subsequently presented the plans to hire 15,000 to 20,000 fresh graduates in the fiscal year 2024-2025, this decision, confirmed by CFO Jayesh Sanghrajka and reported by multiple media channels, aligns with anticipated growth despite a sluggish job market, along with TCS whose HR head confirms of another recruitment of 40000 by the end of this financial year.
- Infosys Case Study
- Recruitments and Worth Reports
- Infosys Technical Analysis
- Infosys Share Price July Report
- Quarter 1 Report
- Last Year Infosys Technical Analysis
- Future and RSI Reports
- Support Zone
- Resistance Zone
- Volume Report
- Data Presentation
- Analysis
Infosys Case Study
Recruitments and Worth Reports
In the previous fiscal year, Infosys reduced its fresh graduate intake by 76%, hiring only 11,900 compared to 50,000 the year before, reflecting an agile hiring strategy. Despite a headcount decrease of 2,000, Infosys maintains a high utilization rate of 85%, indicating limited capacity for additional personnel under current conditions.
Compared to Tata Consultancy Services (TCS), which plans to recruit 40,000 fresh graduates, Infosys’ approach appears more measured. TCS has already onboarded 11,000 trainees in the first quarter of the fiscal year, showcasing its proactive talent acquisition strategy.
Infosys Technical Analysis
Infosys Share Price July Report
This news was confirmed on the 18th of July 2024, with the prominent performance in this highly competitive market, Infosys Share Price gained momentum in no time, with a huge gap up opening, surprising the market with the single day change of ₹78 rupees on a single day.
On 19th July, there was a gap opening for Infosys share price, compared to the last working day where they consolidated at ₹1762 making a Higher-high and breaking down the resistance points on the same day. The stock was moving stably and had a bullish momentum for the last consecutive months, with this boom in the market, the stock created a new Resistance point and provided us a new sign of the RSI, but looking over the last day’s performance, we notice a bearish trend.
On 19th July, there was also a boom in the Volume of Stocks bought at that time, within 5 minutes of the stock reporting, Infosys Limited lost its overall momentum and with some big red candlesticks, its price dropped heavily and for almost 4 hours, it provided the sideways market. However after that, for a limited time, the bulls tried to touch the resistance points again, but failed to attain their target and again Infosys share price was reported with some red candlesticks at the end of the day.
While looking at the complete chart for the 1 Day time frame for July Month, we can see that there is a bullish trend and signal since the 3rd of June, from there the price changed to ₹445 in positive, giving a good sign of relief for all the investors, this is the point from where the short term investors and retailers gained almost 31.8% from the single Infosys stock.
Infosys Stock’s Past Performance
Quarter 1 Report
| Metrics | Q1 2024 | YoY Change | Estimates | QoQ Change |
| Net Profit | Rs 6,368 crore | Up 7.1% | Rs 6,248 crore (5.1% rise) | Down 20.1% |
| Revenue from Operations | Rs 39,315 crore | Up 3.6% | Rs 38,850 crore (2.4% rise) | – |
In Q1 2024, Infosys Limited delivered a robust financial performance, surpassing market expectations with a net profit of Rs 6,368 crore, reflecting a 7.1% year-on-year (YoY) change.
- Infosys reported a 7.1% increase in net profit, reaching ₹6,368 crore in Q1 FY25, up from ₹5,945 crore the previous year.
- Revenue from operations increased by 3.6% to ₹39,315 crore, demonstrating robust financial performance.
However, the company’s total employee strength saw a year-on-year decline of 6.2%, from 336,294 in June 2023 to 315,332 in June 2024. The attrition rate increased slightly to 12.7%, which hindering them to reach their top form to perform and provide the quality services.
This outpaced the forecasted Rs 6,248 crore net profit, indicating strong operational efficiency and effective cost management. The company’s consolidated revenue rose to Rs 39,315 crore, up 3.6% YoY, exceeding the anticipated Rs 38,850 crore. This revenue growth underscores Infosys’s ability to maintain steady demand for its IT services and solutions amidst global economic uncertainties.
Despite the positive YoY growth, Infosys experienced a 20.1% decline in net profit on a quarter-on-quarter (QoQ) basis, primarily due to a one-time tax refund boost in the previous quarter. This decline suggests that while the company’s core operations remain strong, exceptional items significantly influenced the previous quarter’s results.
These consequences were seen on the 04th of June when they created a new lower low this year and then due to their strong base structure, they again created volatility among the retailers and a strong buying pressure among the bulls for the Infosys stock.
Last Year Infosys Technical Analysis
Comparing the price on 2nd January 2023, with 19th July 2024, there is a slightly bullish trend in the market with the change of only ₹263.68, meaning that Infosys stock is not that much bought, as, during the time frame of 1 Month, Infosys Share Price created the lower low and support zone on 1st May 2023 with ₹1147.68 which is the lowest point in the last couple of years. After that, in steady terms, Infosys Stock maintained their bullish trend with the bulls, however in 2024, actually they broke the resistance point created by the bears.
There has been a good volume traded for the last couple of years and with the Financial reports after auditing presented on 30th June, there is an overall increase in Infosys performance, also impacting the Stock performance which right now ranking on ₹1792.95 reported on 19th July 2024. There is nothing to look back on for 2023, as the content is quite outdated with the addition of the new Economic year.
Future and RSI Reports
Support Zone
Looking into the Support zone for at this time, ₹1665 can be the lowest support zone ranging between ₹1735 to ₹1715, because of the continuous bulling trend for the last couple of months, the Stock already broke the previous support point back 8th June 2024 however on the rough round figure, we can say, this can be some around ₹1765 for this week, for the upcoming weeks and a couple of months, the price will move around and we will get some direct sideways trends but again the overall monthly frame will be on the Bullish trend. The Q1 results are quite better and there is room for improvement and Infosys Limited is doing them by increasing man-force more.
Resistance Zone
The situation is quite the same for the resistance point though. In the Day time frame, the Infosys stock continuously checked back their resistance point while most of the time Bulls dominated the market. However after the last market behaviour, we got the new Resistance point at ₹1850, but in the upcoming 5 days, this level will be broken by the bulls and expect by the middle of August we can get the new Resistance level at ₹1915, after their we can get a bullish sideways market like this happened previously.
In the 15-minute chart pattern, the stock checked back their prices almost twice a day on 18th July, which resulted in a wide gap up opening and then the price dropped by ₹41 within 5 minutes. This hike created a panic and at this moment, Bears tried to drag the market down but failed to do so after 10:30 am on 19th July, the market moved in a sideways- Bullish trend and at the end of the day it resulted in the ₹1792.95 for the 3rd Week.
Volume Report
For the weeks, there is no outbreak and the false volume changes, but exactly on the 19th of July, there is a false volume outbreak where it crosses the Volume Moving Average and only candle for the day, as after that the complete volume of Infosys stock remains under the MA and maintaining the stability. It’s important to understand the false breakouts and the RSI before making any investments.
Data Presentation
The Quarterly Report of Infosys Limited has been presented on their official website, here you can check them. We are using Trading View to highlight and show the Stocks and Indices with real-time features.
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Analysis
Infosys’ high utilization rate and efficient resource management indicate strong operational efficiency. The planned recruitment drive aims to inject fresh talent, fostering innovation and supporting long-term growth. This approach, compared to TCS’s aggressive growth strategy, highlights Infosys’ focus on balancing growth with operational efficiency.
For stakeholders, Infosys’ strong financial performance and strategic hiring plans signify a commitment to sustained growth and innovation. The company’s focus on fresh graduates reflects a forward-looking approach to talent development, essential for maintaining competitive advantage in the dynamic IT sector. This is your Life, your money, we just share the news and the key insights so that you can rea and understand them, but its your decision and by choice you opting for. Please read the Privacy Policy and the Terms and Condition page.
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