Infosys is trading higher by 3% at Rs 2,407 in otherwise subdued market in early noon deals on reports that India's second-biggest software services provider is open to bigger deals given the right opportunity.
“Infosys is looking to ramp up its business in France and Germany, where it would consider buying local operators, and in the healthcare and life sciences industries, where it is a small player,” the Reuters report suggests quoting V Balakrishnan, chief financial officer of Infosys.
As of March 2012, Infosys have cash and bank balance of Rs 20,591 crore or $3.74 billion.
The stock opened at Rs 2,350 and hit a high of Rs 2,408 on the Bombay Stock Exchange. A combined 217,886 shares have changed hands on the counter so far on both the exchanges.