Infosys gains after securing contract from BP

Infosys rose 1.64% to Rs 3,769 at 09:25 IST on BSE after the company was selected by BP to provide IT services, in particular application support and development to BP.

The company made the announcement after market hours on Thursday, 4 September 2014.

Meanwhile, the S&P BSE Sensex was up 50.02 points or 0.18% at 27,135.95

On BSE, so far 7,145 shares were traded in the counter as against average daily volume of 67,848 shares in the past one quarter.

The stock hit a high of Rs 3,792.95 and a low of Rs 3,722 so far during the day. The stock had hit a record high of Rs 3,847.20 on 3 March 2014. The stock had hit a 52-week low of Rs 2,894 on 30 May 2014.

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

Infosys said after market hours on Thursday, 4 September 2014, that it has been selected by BP to provide IT services, in particular application support and development to BP. This includes BP's corporate functions, upstream, and downstream segments, energy trading and marketing. The agreement is effective 1 September 2014, Infosys said.

Infosys' consolidated net profit declined 4% to Rs 2886 crore on 0.8% decline in sales to Rs 12770 crore in Q1 June 2014 over Q4 March 2014.

Infosys is a global leader in consulting, technology and outsourcing solutions.

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