Infosys gains 4%, nears record high amid report Co may win Daimler deal

The deal involves transferring of 500-600 Daimler employees to the information technology (IT) firm, the report said.

Shares of Infosys moved higher by 4 per cent to Rs 1,144 on the BSE in intra-day trade on Monday amid a report that the company has emerged as the front runner for a multi-year, $1.3 billion deal from Daimler.

The deal involves transferring of 500-600 Daimler employees to the information technology (IT) firm and is focused on infrastructure management services, networks, and data centres, The Times of India reported.

The stock was 3.5 per cent away from its record high level of Rs 1,185 touched on October 15, 2020.

Meanwhile, Infosys and ATP on Friday announced the renewal of their partnership for