Infosys shares rise 3%

Shares of technology major Infosys went up by three per cent on Monday in response to the company's recent announcement of the date to determine which shareholders were eligible for the one-on-one bonus issue.

On Friday, after the market closed, the Bengaluru-based firm announced December 3 as the date.

The shares gained Rs 127.8 on Monday, rising to Rs 4,274, a record high. In October, while announcing its July-September quarter results, Infosys had announced a bonus issue of one equity share for every equity share held.

The company had said the issue was to increase the liquidity and retail shareholder base.