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Infosys Limited ( (IN:INFY) ) has shared an update.
Infosys Limited has disclosed a communication regarding a penalty from the Joint Commissioner of CGST for an alleged excess availment of Input Tax Credit (ITC) for the fiscal year 2018-19. The penalty amounts to INR 23,08,904, but the company has stated that this will have no material impact on its financials, operations, or other activities.
More about Infosys Limited
Infosys Limited is a global leader in technology services and consulting. The company provides a wide range of services including software development, maintenance, and independent validation to companies in various industries. Infosys is known for its focus on digital transformation and innovation, serving clients worldwide.
Average Trading Volume: 472,381
Technical Sentiment Signal: Strong Buy
Current Market Cap: 6713.7B INR
For a thorough assessment of INFY stock, go to TipRanks’ Stock Analysis page.