Infosys rose 5.39% to Rs 3,842 at 9:30 IST on BSE after the company maintained its dollar revenue guidance while raising its rupee revenue guidance for the year ending March 2015.
Meanwhile, the BSE Sensex was down 262.51 points, or 0.99%, to 26,374.77.
On BSE, so far 2.96 lakh shares were traded in the counter, compared with an average volume of 63,698 shares in the past one quarter.
The stock hit a high of Rs 3,858 and a low of Rs 3,600 so far during the day. The stock hit a record high of Rs 3,892.05 on 7 October 2014. The stock hit a 52-week low of Rs 2,894 on 30 May 2014.
The stock had underperformed the market over the past one month till 9 October 2014, falling 2.44% compared with 2.30% fall in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 10.33% as against Sensex's 4.69% rise.
The large-cap company has an equity capital of Rs 287.12 crore. Face value per share is Rs 5.
More From This Section
Infosys has maintained its revenue growth guidance in dollar terms for the year ending 31 March 2015 (FY 2015) even as it raised its revenue growth guidance in rupee terms due to rupee depreciation. Infosys expects 7% to 9% growth in the company's revenue in dollar terms in FY 2015. The company expects 6.7% to 8.7% growth its revenue in rupee terms in FY 2015. At the time of announcing Q1 June 2014 results in July 2014, Infosys had forecast 5.6% to 7.6% growth in revenue in rupee terms for FY 2015.
Infosys' consolidated net profit as per International Financial Reporting Standards (IFRS) rose 7.28% to Rs 3096 crore on 4.48% rise in revenue to Rs 13,342 crore in Q2 September 2014 over Q1 June 2014. The result was announced during trading hours today, 10 October 2014.
Meanwhile, the company's board recommended a bonus issue of one equity share for every equity share held (1:1) and a stock dividend of one American Depositary Share (ADS) for every ADS held, as on a record date to be determined.
"Digital transformation is reshaping the business of every one of our clients. We see this as a great opportunity to help them renew the core of their business as well as to expand into new frontiers and are seeing early positive results," said Dr. Vishal Sikka, Chief Executive Officer and Managing Director. "Our strategy is to apply the same principles to our own business in order to capture this opportunity and accelerate our growth, within our culture of lifelong learning and purposeful work."
"On several fronts, our efforts to bring in operational efficiencies yielded encouraging results during the quarter," said U. B. Pravin Rao, Chief Operating Officer. "We have seen positive results of some of our interventions on sales, margins and attrition, and we will continue to focus on these areas."
"We have been able to improve our margins during the quarter and feel confident of sustaining these within a narrow band," said Rajiv Bansal, Chief Financial Officer. "This is giving us increased confidence to make the investments required to meet our growth aspirations."
Infosys and its subsidiaries added 49 clients (gross) during the quarter. It reported gross addition of 14,255 employees during the quarter. Infosys and its subsidiaries had 165,411 employees as on 30 September 2014.
Liquid assets including cash and cash equivalents, available-for-sale financial assets, certificates of deposits and government bonds were Rs 33616 crore as on 30 September 2014 as compared to Rs 29748 crore as on 30 June 2014.
Infosys said it has pledged Rs 254 crore for FY 2015 towards Corporate Social Responsibility (CSR) through the Infosys Foundation - its philanthropic arm.
Infosys is a global leader in consulting, technology and outsourcing solutions.
Powered by Capital Market - Live News