Infosys gains after winning orders

Infosys rose 0.74% to Rs 1,004.10 at 9:21 IST on BSE after the company bagged three separate deals from overseas clients.

Meanwhile, the BSE Sensex was up 155.95 points, or 0.57%, to 27,472.12.

On BSE, so far 6,553 shares were traded in the counter, compared with an average volume of 1.92 lakh shares in the past one quarter.

The stock hit a high of Rs 1,010 and a low of Rs 999 so far during the day. The stock hit a record high of Rs 1,167.60 on 20 February 2015. The stock hit a 52-week low of Rs 794.76 on 26 June 2014.

The stock had underperformed the market over the past one month till 19 June 2015, sliding 1.22% compared with 1.19% fall in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 10.60% as against Sensex's 4.05% fall.

The large-cap company has an equity capital of Rs 1148.47 crore. Face value per share is Rs 5.

Infosys announced after market hours on Friday, 19 June 2015, that Hrvatska Postanska Banka (HPB), a leading state-owned financial institution in Croatia, has selected the Finacle Payments solution to deliver bespoke payment offerings and superior customer experience. The new solution will enable HPB to streamline its payments operations and simultaneously serve its target markets in a cost-effective and flexible manner. The Finacle solution will also help HPB to comply with Single Euro Payments Area (SEPA) requirements and support Croatia's harmonization process with European Union regulations and Payment Service Directive, the company said in a statement.

Separately, Infosys after market hours on Friday, 19 June 2015, said that Sharjah Islamic Bank (SIB), a leading Sharia-compliant bank in the Middle East, has selected Infosys' Finacle e-Banking and Mobile Banking solutions to enhance customer service and deliver new-age channel banking experiences. With Finacle, SIB will be able to offer its customers a wide range of features for secure account management and aggregation, fund transfer, payment and financial management, Infosys said in a statement.

Meanwhile, Infosys after market hours on Friday, 19 June 2015, said it bagged a multi-year IT managed services deal from New York-based wellness company NBTY. As part of the deal, Infosys will provide development and support services for NBTY's IT systems. NBTY is a manufacturer, marketer, distributor and retailer of vitamins and nutritional supplements.

As per International Financial Reporting Standards (IFRS), Infosys' consolidated net profit dropped 4.7% to Rs 3097 crore on 2.8% fall in revenues to Rs 13411 crore in Q4 March 2015 over Q3 December 2014.

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

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