Infosys Stock

The IT major's net profit soared 2.2 per cent quarter-on-quarter (Q-o-Q) to Rs 6,506 crore in the September quarter of FY25, from Rs 6,368 crore in the June quarter of FY25 (Q1FY25).

Technical charts suggest that heavyweights TCS and Infosys seem to be favourably placed, while Wipro could face some downward pressure. Check key levels here.

Indian IT major Infosys on Tuesday said it has entered into a long-term collaboration with British community bank Metro Bank to digitise the bank's operations. The collaboration will utilise Infosys Topaz, the firm's AI-first offerings, to enhance Metro Bank's digital capabilities, improve automation, refine data, and embed further AI capabilities. This will assist the bank in increasing efficiency and saving costs, a regulatory filing said. "At the end of this transformation, we will be a very different business, but the true essence of Metro Bank will remain the same -- a high-quality service organisation putting customers centre-stage," Metro Bank CEO Daniel Frumkin said. The bank expects to deliver 80 million pounds of annualised cost savings this year across multiple initiatives, as it progresses towards the target of reaching mid-to-high teen return on tangible equity by 2027, he added. "Our shared goal is to continually enhance customer engagement, community focus, and the

On the bourses, Infosys's stock witnessed a decline, falling 1.32% to an intraday low of Rs 1,828.10 per share on the NSE. In comparison, the Nifty IT index dropped 1.64% to a low of 40,038.25 levels.

Infosys is expected to lead the tier 1 Indian IT universe with the strongest growth, led by ramp-ups of multiple mega-deals, and a low base effectively providing one per cent kicker to June 2024

Centre will serve more clients in aerospace, healthcare, insurance, financial services

IT firm reported a net profit of Rs 3,986 crore for the quarter ended March 2023 (Q4FY24), up 0.1 per cent on a year-on-year (Y-o-Y) basis

Stocks to watch on Friday, April 19: Balrampur Chini, Bandhan Bank, Exide, GNFC, Hindustan Copper, Metropolis, National Aluminium, Primal Enterprises, SAIL and Zee among 11 stocks in F&O ban today.

Trading in stock markets this week will be majorly influenced by the upcoming quarterly earnings from IT majors TCS and Infosys, along with global trends, analysts said. Besides, global oil benchmark Brent crude, rupee-dollar trend and trading activity of foreign investors would also dictate the movement, they said. "On the domestic front, all eyes will be on the beginning of corporate performance for the third quarter of the current fiscal year. Market participants will be keeping an eye on the movement of the rupee against the dollar and crude oil prices. "Investments by Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) will also be monitored," said Pravesh Gour, Senior Technical Analyst at Swastika Investmart Ltd. Infosys and Tata Consultancy Services (TCS) will announce their earnings on Thursday while the quarterly results of HCL Technologies and Wipro will be out on Friday. Sunny Agrawal, Head of Fundamental Equity Research, SBI Securities Lt

Unlike the benchmark Nifty 50, the Nifty IT index is still over 9 per cent shy from its summit. Among the frontline stocks, Infosys, TCS and Wipro look fairly placed on the charts.

Stocks to watch on Thursday, November 23, 2023: Honasa Consumer in its first result filing post listing reported a in net profit to Rs 29.40 crore for Q2FY24 as against a loss of Rs 15 crore in Q2FY23

Closing Bell on Thursday, October 12, 2023:Infosys and Tech M were the worst hit on the 50-share index, dropping nearly 3 per cent each, followed by Apollo Hospitals, TCS, HCL Tech, LTIMindtree, Wipro

CLOSING BELL ON SEPTEMBER 15, 2023: The BSE Sensex hit a new life-time high at 67,927, and the Nifty registered a peak at 20,222 on Friday

Programme commits Rs 100 cr, will support more than 2,000 girl students in first phase

Collaboration will enable London-based video and broadband company to realise run-rate savings of more than $109 bn

Over 10 brokerages lower price targets after guidance disappointment

TCS is also planning to raise base salaries in its campus recruitment drives. If implemented, this is likely to make Infosys, HCL Technologies, and Wipro follow suit

The quantum of deal pipeline, nature of large deals, pace of decision-making and drivers of consolidation trend will also be closely tracked

Infosys is taking these steps to minimise inter-city travel for its employees and provide them with greater flexibility

Mohit Joshi has joined Tech Mahindra as its CEO and MD. Experts have said that the development is consequential given the macroeconomic circumstances