IT stocks rally post Infy results, Index up 12%

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 Index3128350537712 Company Name HCL Tech1762164023 Financial Tech1128135022220 Rolta 1101302018 Wipro3724295715 Aptech1441642014 Patni Comp2532843112 TCS3884344612 Infosys1676186719111 Moser Baer7077710 Oracle Finance116012601009 Tech Mahindra695735406 NIIT565935 Mphasis371386154 (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.