Infosys advances ahead of results

Infosys gained 3.62% to Rs 2,915.05 at 15:13 IST on BSE, ahead of Q4 and full year ended 31 March 2013 results tomorrow, 12 April 2013.

Meanwhile, the S&P BSE Sensex was up 155.96 points or 0.85% at 18,570.41.

On BSE, 1.17 lakh shares were traded in the counter as against average daily volume of 1.07 lakh shares in the past one quarter.

The stock hit a high of Rs 2,919 and a low of Rs 2,835.05 so far during the day. The stock had hit a 52-week high of Rs 3,010 on 7 March 2013. The stock had hit a 52-week low of Rs 2,101.65 on 26 July 2012.

The stock had outperformed the market over the past one month till 10 April 2013, sliding 5.28% compared with the Sensex's 6.45% fall. The scrip had also outperformed the market in past one quarter, advancing 21.24% as against Sensex's 6.35% fall.

The large-cap IT company has equity capital of Rs 287.12 crore. Face value per share is Rs 5.

Infosys on 2 April 2013 said that it has signed an agreement with RWE Supply & Trading (RWEST), a leading European energy trading house to provide technology services to transform RWEST's trading operations to create business efficiencies and drive growth from new markets and commodities.

Infosys on 15 March 2013 announced that it has been selected by India Post to implement and manage a platform that will transform its rural operations. With this new agreement, Infosys will facilitate India Post's Rural Systems Integration (RSI) program.

Infosys announces Q4 and full year ended 31 March 2013 (FY 2013) results tomorrow, 12 April 2013. On sequential basis, Infosys' consolidated net profit had remained unchanged at Rs 2369 crore in Q3 December 2012. Sales rose 6% to Rs 10424 crore in Q3 December 2012 over Q2 September 2012.

Infosys partners with global enterprises to drive their innovation-led growth. As a leading provider of next-generation consulting, technology and outsourcing solutions, Infosys helps clients in more than 30 countries realize their goals.

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