Infosys has rallied over 4% to Rs 2,827, extending Friday’s a record 17% gain, after the company surprised the street with better-than-expected results for the third quarter ended December 2012 (Q3) and also raised its full year guidance.
“Revision of guidance indicates that the management is confident about growth prospects in the short to medium-term versus last few quarters,” according to analyst at Angel Broking.
The company kept its organic revenue growth guidance for FY2013 intact at 5% year-on-year (yoy) while including Lodestone’s acquisition the company expects full year FY2013 dollar revenues to grow by at least by 6.5% yoy.
The stock opened at Rs 2,760 and hit high of Rs 2,839 on the NSE. A combined 2.19 million shares have changed hands on the counter in morning deals on both the exchanges.
