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Infosys hits record high on strong Q1 nos; analysts see up to 30% upside

Infosys' profit before tax (PBT) stood at Rs 5,792 crore, up 12 per cent year-on-year (YoY).

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Revenues came in at Rs 23,665 crore, up 8.5 per cent YoY basis and 1.7 per cent sequentially.

4 min read Last Updated : Jul 16 2020 | 10:18 AM IST

Infosys shares zoomed up to 12.5 per cent to hit a fresh lifetime high of Rs 935.90 apiece on the BSE on Thursday, a day after the IT major posted better-than-expected numbers for the first quarter of the financial year 2020-21 (Q1FY21), owing to steady performance in most business verticals and geographies, and healthy order flow.

At 09:50 am, the stock was trading over 10 per cent higher at Rs 917 on the BSE. In comparison, the benchmark S&P BSE Sensex was trading 0.67 per cent higher at 36,293.83 levels.

Infosys' profit before tax (PBT) stood at Rs 5,792 crore,

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