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IT stocks rally post Infy results, Index up 12%
BS Reporter / Mumbai Jul 17, 2009, 16:43 IST

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%.
 

IT stocks performance post Infosys results

 

09-Jul

17-Jul

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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