Tuesday 11 October 2011
Infosys surges over 5 per cent on bourses
The company had posted a net profit of Rs 1,737 crore for the September quarter of the previous fiscal (2010-11), Infosys said in a filing to the Bombay Stock Exchange.
The consolidated revenue of the country's second largest software exporter rose to Rs 8,099 crore in the reporting period from Rs 6,947 crore in the year-ago period, translating into a 16.58 per cent increase.
The surge in the bellwether stock was a major contributor to the bullish market trend, with the Sensex trading higher by 154.65 points at 16,691.12 at 0930 hours.
Infosys is the second-most weighted scrip on the benchmark Sensex after Reliance Industries.
Buying intensified in other frontline IT companies as well, with TCS rising by 3.25 per cent, while Wipro moving up by 4.38 per cent and HCL Tech gaining 3.87 per cent.
The surge in the bellwether stock was a major contributor to the bullish market trend, with the Sensex trading higher by 154.65 points at 16,691.12 at 0930 hours.
Infosys is the second-most weighted scrip on the benchmark Sensex after Reliance Industries.
Buying intensified in other frontline IT companies as well, with TCS rising by 3.25 per cent, while Wipro moving up by 4.38 per cent and HCL Tech gaining 3.87 per cent.
