Business Standard

Infosys gains second day in a row on Q1 boost

Image

BS Reporter Mumbai

The stock extended gains and touched a high of Rs 1,775, up 4% from the day's low. It finally ended with a gain of 2.5% at Rs 1,768. Around 205,257 stocks changed hands at the counter on the BSE today.

Meanwhile, TCS ended at Rs 398, up 1%. Wipro settled 1.5% higher at Rs 390.
______________________________________________
(Updated at 1213 hrs)

Infosys has gained for the second staright day following its results.

The stock today opened in the red at Rs 1,720. It slipped further to a low of Rs 1,710. Thereafter it moved up 3% from the day's low to touch a high of Rs 1,760. The stock is now trading at Rs 1,744, up 1%, even as the broader market slips over 230 points. Around 79,837 stocks have been traded on the BSE so far.

 

The stock has surged 68% from its 52-week low of Rs 1,040 recorded in October '08 but is still trading 7% lower from its 52-week high of Rs 1,876, which it touched in July 2008.

The IT service provider had announced its Q1 results on Friday. Thereafter, the stock had surged to a high of Rs 1,767 and closed with a gain of 3% at Rs 1,727.

Meanwhile, other frontliners, TCS and Wipro are trading flat. TCS is at Rs 396 and Wipro is at Rs 383.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 13 2009 | 3:57 PM IST

Explore News