Monday 12 October 2015

Infosys rises, then falls after results

The net profit for the quarter stands at Rs. 3400 crore.


Shares of Infosys were lower by 3% at Rs. 1127 after the company posted Q2 results.

The net profit for the quarter stands at Rs. 3400 crore.

Infosys has lowered the FY16 Dollar-Revenue Guidance  to 6.4-8.4% from 7.2-9.2%.

The scrip opened at Rs. 1202.7 and has touched a high and low of Rs. 1219 and Rs. 1108.9 respectively. So far 4445645(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 268248.68 crore.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1197 on 01-Oct-2015 and a 52 week low of Rs. 900 on 10-Oct-2014. Last one week high and low of the scrip stood at Rs. 1190 and Rs. 1126 respectively.
The promoters holding in the company stood at 13.08 % while Institutions and Non-Institutions held 57.1 % and 13.08 % respectively.
The stock is currently trading below its 50 DMA.

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