Infosys nudges higher after investment in firm

Infosys rose 0.67% to Rs 1,166.55 at 11:45 IST on BSE after the company announced that it has made a follow-on investment of US$ 1.5 million in a data science firm.

The announcement was made after market hours yesterday, 22 March 2018.

Meanwhile, the S&P BSE Sensex was down 469.87 points or 1.42% at 32,536.40.

On the BSE, 91,000 shares were traded on the counter so far as against the average daily volumes of 3.35 lakh shares in the past one quarter. The stock had hit a high of Rs 1,173.70 and a low of Rs 1,140 so far during the day. The stock had hit a 52-week high of Rs 1,220 on 24 January 2018 and a 52-week low of Rs 861.50 on 22 August 2017.

The large-cap company has equity capital of Rs 1092.06 crore. Face value per share is Rs 5.

Infosys announced that it has made a follow-on investment of US$ 1.5 million through the Infosys Innovation Fund in Waterline Data Science, a leading provider of data discovery and data governance software. Infosys had made an initial investment of US$ 4 million in the company in January 2018.

On a consolidated basis, Infosys' net profit rose 37.65% to Rs 5129 crore on 1.29% growth in net sales to Rs 17794 crore in Q3 December 2017 over Q2 September 2017.

Infosys is a global leader in technology services and consulting.

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