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| IT stocks rally post Infy results, Index up 12% |
| BS Reporter / Mumbai Jul 17, 2009, 16:43 IST |
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The BSE IT index today surged 4.11% to 3,505, and is up 12% in the last six trading days following better-than-expected Infosys Q1 numbers.
Today, HCL Technologies zoomed over 11% to Rs 216. Aptech and Rolta soared over 9% each. Infosys surged over 4%, while TCS and Wipro rallied over 3% each.
Meanwhile TCS is scheduled to announce its results today followed by Wipro on Wednesday.
IT stocks were buoyed by sustained buying after Infosys posted a strong sets of first quarter results on July 10,2009.
Infosys Technologies, India’s second largest software exporter posted a 17.3% jump in net profit to Rs 1,527 crore, for the quarter ended June.
HCL Technologies have led the rally with a jump of 23% to Rs 216 as compared to Rs 176 as on July 9, 2009. Financial Technologies skyrocketed 20%, and Rolta Industries soared 18%.
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IT stocks performance post Infosys results
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09-Jul
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17-Jul
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Net Chg
|
% Chg
|
| BSE IT Index |
3128 |
3505 |
377 |
12 |
| Company Name |
| HCL Tech |
176 |
216 |
40 |
23 |
| Financial Tech |
1128 |
1350 |
222 |
20 |
| Rolta |
110 |
130 |
20 |
18 |
| Wipro |
372 |
429 |
57 |
15 |
| Aptech |
144 |
164 |
20 |
14 |
| Patni Comp |
253 |
284 |
31 |
12 |
| TCS |
388 |
434 |
46 |
12 |
| Infosys |
1676 |
1867 |
191 |
11 |
| Moser Baer |
70 |
77 |
7 |
10 |
| Oracle Finance |
1160 |
1260 |
100 |
9 |
| Tech Mahindra |
695 |
735 |
40 |
6 |
| NIIT |
56 |
59 |
3 |
5 |
| Mphasis |
371 |
386 |
15 |
4 |
| (All prices in Rs from BSE) |
Wipro, Aptech, Patni Computers, TCS, Infosys, Moser Baer rallied 10-15% each, post Infosys results.
Oracle Financial, Tech Mahindra, NIIT and MPhasis gained 4-9% each.
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