Infosys Ltd has made a statement that the Company is aware of several media stories referencing an additional securities class action lawsuit against it. The Company is not aware of any additional complaints, other than the initial complaint, which was disclosed on October 24, 2019. The Company notes that it is not uncommon for plaintiffs' lawyers to issue press releases or other media communications asking potential plaintiffs to contact them in order to apply for lead plaintiff status in an existing lawsuit. It appears that the press communications by the Schall Law Firm is soliciting potential lead plaintiff applicants.
Shares of INFOSYS LTD. was last trading in BSE at Rs.701.85 as compared to the previous close of Rs. 720.8. The total number of shares traded during the day was 1731787 in over 12756 trades.
The stock hit an intraday high of Rs. 720.8 and intraday low of 695. The net turnover during the day was Rs. 1210780167.