Infosys rises after bulk deal

Infosys rose 0.48% to Rs 1,162.75 at 11:45 IST on BSE after a bulk deal of 11.22 lakh shares was executed on the scrip at Rs 1,166 per share at 09:22 IST on BSE today, 8 July 2016.

Meanwhile, the S&P BSE Sensex was down 116.46 points or 0.43% at 27,085.05

Bulk deal boosted volume on the Infosys scrip. On BSE, so far 12.58 lakh shares were traded in the counter as against average daily volume of 1.60 lakh shares in the past one quarter. The stock hit a high of Rs 1,177.20 and a low of Rs 1,153.20 so far during the day. The stock had hit a record high of Rs 1,278 on 3 June 2016. The stock had hit a 52-week low of Rs 932.55 on 10 July 2015. The stock had underperformed the market over the past 30 days till 7 July 2016, falling 6.55% compared with 0.67% rise in the Sensex. The scrip had also underperformed the market in past one quarter, declining 0.87% as against Sensex's 10.24% rise.

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

Infosys is scheduled to announce its Q1 June 2016 results on 15 July 2016. The company's consolidated net profit rose 3.8% to Rs 3597 crore on 4.1% growth in net sales to Rs 16550 crore in Q4 March 2016 over Q3 December 2015.

Infosys is one of the leading information technology outsourcing services providers. The company provides business consulting, information technology and outsourcing services.

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