Infosys surges 6% post Q1 results; market cap crosses Rs 3-trillion mark

Infosys hit a new high of Rs 1,384, up 6%, bouncing back 7.5% from its early morning low of Rs 1,288 on the BSE.

Shares of Infosys hit a new high of Rs 1,384 per share, surging 6% on the BSE, in an otherwise subdued market after the company reported an in-line performance for the first quarter ended June 2018 (Q1FY19) and its board approved the issuance of one free share for every share held (that is a 1:1 bonus issue).  The company announced its Q1FY19 results on Friday after the market hours.

The stock surpassed its previous high of Rs 1,358 recorded on July 3, 2018 in intra-day trade. It bounced back 7.5% from its early morning low of Rs 1,288 on