Infosys gains second day in a row on Q1 boost

The stock extended gains and touched a high of Rs 1,775, up 4% from the day's low. It finally ended with a gain of 2.5% at Rs 1,768. Around 205,257 stocks changed hands at the counter on the BSE today.

Meanwhile, TCS ended at Rs 398, up 1%. Wipro settled 1.5% higher at Rs 390.
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(Updated at 1213 hrs)

Infosys has gained for the second staright day following its results.

The stock today opened in the red at Rs 1,720. It slipped further to a low of Rs 1,710. Thereafter it moved up 3% from the day's low to touch a high of Rs 1,760. The stock is now trading at Rs 1,744, up 1%, even as the broader market slips over 230 points. Around 79,837 stocks have been traded on the BSE so far.

The stock has surged 68% from its 52-week low of Rs 1,040 recorded in October '08 but is still trading 7% lower from its 52-week high of Rs 1,876, which it touched in July 2008.

The IT service provider had announced its Q1 results on Friday. Thereafter, the stock had surged to a high of Rs 1,767 and closed with a gain of 3% at Rs 1,727.

Meanwhile, other frontliners, TCS and Wipro are trading flat. TCS is at Rs 396 and Wipro is at Rs 383.