Infosys rose 0.82% to Rs 1,102.70 at 10:10 IST on BSE after the company announced a collaboration with IBM, in which Infosys will tap Bluemix, IBM's Cloud platform to develop the next generation of Cloud apps for its global client base.
The company made announcement after market hours on Friday, 16 October 2015.
Meanwhile, the BSE Sensex was up 58.39 points, or 0.21%, to 27,272.99.
On BSE, so far 22,866 shares were traded in the counter, compared with an average volume of 2.18 lakh shares in the past one quarter.
The stock hit a high of Rs 1,107.20 and a low of Rs 1,100 so far during the day. The stock hit a record high of Rs 1,219 on 12 October 2015. The stock hit a 52-week low of Rs 929.50 on 21 October 2014.
The stock had underperformed the market over the past one month till 16 October 2015, falling 0.7% compared with 4.82% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 10.73% as against Sensex's 4.33% decline.
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The large-cap company has an equity capital of Rs 1148.47 crore. Face value per share is Rs 5.
Infosys announced a collaboration with IBM, in which Infosys will tap Bluemix, IBM's Cloud platform to rapidly prototype, develop and deploy the next generation of Cloud apps for its global client base. Infosys said that the collaboration includes the launch of Bluemix-powered Innovation Lab for co-creation of apps with clients; training of Infosys developers on Bluemix and cloud app development skills; as well as Infosys' adoption of Bluemix Dedicated to leverage its vast library of cognitive computing and analytics solutions and other services to build client apps.
IBM launched Bluemix with a $1 billion investment in 2014, that matured quickly to become the largest Cloud Foundry deployments in the world, and providing a developer-friendly catalog of over 120 tools and software-services, combining the most prominent open-source, IBM and third-party technologies.
Infosys' consolidated net profit rose 12.1% to Rs 3398 crore on 8.9% growth in net sales to Rs 15635 crore in Q2 September 2015 over Q1 June 2015.
Infosys is a global leader in consulting, technology and outsourcing solutions.
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