Infosys is trading higher by over 3% to Rs 2,907 ahead of its Q4 (January-March) results due on Friday, April 12.
According to quarterly Bloomberg brokers’ consensus estimate, Infosys, one of the biggest software exporter in India, may report a consolidated net profit of Rs 2,304 crore for the fourth quarter of last financial year 2012-13 (FY13).
Meanwhile, in last Q3 (October-December) quarter, Infosys beat estimates when it reported a net profit of Rs 2,369 crore. The company had unexpectedly raised its sales forecast for the year ending March 31 to at least $7.45 billion, including $104 million in additional revenue following its acquisition of Switzerland-based consultancy Lodestone Holdings on September 10, 2012.
The stock opened at Rs 2,861 and hit a high of Rs 2,910 on NSE. A combined 1.97 million shares have changed hands on the counter till 1356 hours on BSE and NSE.
