Strong Performance Of Infosys After The Results, Shares Jumped More Than Two Percent

Strong performance of Infosys after the results, shares jumped more than two percent.

Infosys Share Price After a weak start, the stock of tech giant Infosys made a strong comeback in Friday’s session and is trading positive.

The rally in the company’s stock came a day after it announced its December quarter results.

In today’s trading session, Infosys shares opened at 1468, down 0.84 percent on the BSE, rising 0.74 percent to 1491.65 in early trade.

At the same time, till the time of writing the news, at 1:41 pm, the stock was trading at Rs 1513, up by Rs 33.15 or 2.22 percent.

The strong performance of Infosys, shares jumped more than two percent: The company presented strong results.

Last Thursday, the company released the results for the December quarter. The company’s net profit reached Rs 6,586 crore, an annual increase of 13.4 percent.

The company posted a profit of Rs 5,809 crore in the same period last year.

The increase in profit of the company has been seen at a time when the world is facing an economic slowdown and companies are facing difficulties in getting new contracts.

Raised revenue estimates.

The company had not only presented strong results for the December quarter. Rather had increased the estimate of the increase in its revenue from 15-16 percent to 16-16.5 percent.

The results beat forecasts for profit and revenue. The company said in a statement that in constant currency terms, year-on-year growth in most business lines and geographies was in double digits.

Stock market boom.

After a weak opening today, the Indian stock market witnessed a buying environment.

NSE’s main index Nifty rose 131.85 points to 17991 points and BSE’s main index Sensex rose 411.14 points to trade at 60,368.05 points. At the same time, the IT index is up about one percent.

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