Infosys rebounds nearly 9% from day's low post Q3 results

The stock moved higher by 5% to Rs 2,079, bouncing back nearly 9% from intra-day low of Rs 1,914 on NSE.

Shares of Infosys has moved higher by 5% to Rs 2,079, bouncing back neraly 9% from intra-day low after the company reported a better-than-expected 4.9% quarter-on-quarter jump in consolidated net profit to Rs 3,250 crore for the quarter ended December 31, 2014. The company had profit of Rs 3,096 crore in September quarter.

Consolidated revenue was up 3.4% to Rs 13,796 crore in the said quarter from Rs 13,342 crore in the previous quarter.

Analyst on an average had expected net profit of Rs 3,205 crore on revenues of Rs 13,764 crore.

The stock opened at Rs 1,980 and touched a low of Rs 1,914 on BSE before the announcements of Q3 results. A combined 4.5 million shares changed hands on the counter on NSE and BSE till 1301 hours.