Infosys at an all-time high, up 2%

The stock gained 2 per cent to Rs 2,433.60, an all-time high. In last six trading days the stock appreciated 10 per cent, after the company signed an agreement to acquire all of the outstanding interests of McCamish Systems LLC for around $38 million.

The acquisition is expected to enhance the Infosys’ capability to deliver end-to-end business solutions for the insurance and financial services industries.