Stock Radar: 30% rally in 3 months! Infosys hits fresh record highs; time to buy or book profits?

Infosys, a major IT player on the Sensex, has seen a remarkable 36% increase in its stock price from May 30th to August 30th, 2024. It has maintained a steady uptrend since surpassing its February 2024 high, consistently setting higher lows over the past 5 weeks. This momentum pushed the stock price beyond its previous peak of Rs 1,959, recorded in January 2022, signalling a potential for further upward movement.