Infosys share price News
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Shares of Infosys climbed 4 per cent on Friday.
Company posted better-than-expected 11 per cent rise in consolidated net profit for the September quarter
The 30-share BSE index jumped 684.64 points or 1.20 per cent to at 57,919.97 points.
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The trading in Infosys shares started sharply higher at Rs 1487.70 against its previous day`s close at Rs 1419.75.
Infosys shares have rallied after the announcement of the Q2 results.
Infosys announced its financial results on Thursday after close of the stock market trading for the day.
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The NSE Nifty ended higher 55.75 points, or 0.57 percent, at 9,912.80 after moving between 9,925.75 and 9,882.
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The new Chairman of Infosys told investors on Friday his priorities were to find a CEO, reconstitute the board and shape future strategy.
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Stock of Infosys continued its upward trend and spurted by over 2 percent to Rs 912.50.
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Revival of buying interest in the recently battered Infosys, banking and financial stocks drove the market higher.
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On NSE, shares of the company went down by 4.55 percent to Rs 881.15 -- its 52-week low.
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Led by the sharp plunge, the company's market valuation slumped Rs 22,518.98 crore to Rs 2,12,033.02 crore.
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For the week, both Sensex and Nifty recorded a gain of 311.09 points, or 0.99 percent, and 126.60 points, or 1.30 percent, respectively.
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On NSE, Infosys stock hit 52-week low of 884.20 during intra-day trade Friday.
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Infosys stock rose by over 5 percent Friday after the company posted results that were above market expectations -- 13 percent jump in consolidated net profit for its third quarter ended December 31.
Infosys' scrip ended 0.50 percent up at Rs 1,974.55 on the BSE. During the day, it rose by 1.63 percent to Rs 1,996.85.
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