Infosys shares hit three-month high; gain 6% in two days post Q3 numbers

Infosys was up 4% at Rs 727 on Tuesday, trading at its highest level since October 8, 2018, on BSE and less than 4% away from its all-time high price of Rs 755 touched on October 1, 2018.

Shares of Infosys hit a three-month high of Rs 727, up 4 per cent on Tuesday, extending its Monday’s 2.5 per cent gain on the BSE, after the software services firm increased FY19 constant currency (CC) revenue growth guidance to 8.5-9 per cent from 6-8 per cent earlier. The company has maintained its EBIT (earnings before interest and tax) margin guidance range at 22-24 per cent.

The stock of India's second largest IT services firm was trading at its highest level since October 8, 2018, on the BSE. It was less than 4 per cent away from its all-time