Wednesday 16 December 2015

Infosys gains 1.5%; Fubon Bank selects Infosys Finacle as its Core Banking Platform

Infosys Finacle, part of EdgeVerve Systems, the product subsidiary of Infosys and Fubon Bank (Hong Kong) Limited, a wholly owned subsidiary of Fubon Financial Holding Co. Ltd., announced the bank’s decision to adopt the new generation Finacle Core Banking solution.


Infosys gained 1.5% to Rs. 1093.55 on the BSE. Infosys Finacle, part of EdgeVerve Systems, the product subsidiary of Infosys and Fubon Bank (Hong Kong) Limited, a wholly owned subsidiary of Fubon Financial Holding Co. Ltd., announced the bank’s decision to adopt the new generation Finacle Core Banking solution.

The scrip opened at Rs. 1080 and has touched a high and low of Rs. 1095.5 and Rs. 1080 respectively. So far 1065736(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 247357.97 crore.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1219 on 12-Oct-2015 and a 52 week low of Rs. 932.55 on 10-Jul-2015. Last one week high and low of the scrip stood at Rs. 1079.8 and Rs. 1023.5 respectively.

The promoters holding in the company stood at 13.08 % while Institutions and Non-Institutions held 57.06 % and 13.08 % respectively.

The stock is currently trading above its 100 DMA.

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