Infosys jumps over 5% on healthy Q1 results, other IT stocks rise too

Infosys on Friday reported a 5.26 per cent year-on-year (YoY) rise in net profit at Rs 3,802 crore while it dropped 6.8 per cent sequentially.

Shares of IT bellwether Infosys rallied as much as 5.48 per cent in the opening deals on Monday after it reported healthy set of numbers for the June quarter (April-June) of the financial year 2019-20 (FY20). 

At 09:37 am, the stock was trading 4.29 per cent higher at Rs 758 apiece on the BSE. Other IT stocks, too, gained in the trade lifting the Nifty IT index 1.52 per cent higher at 15,459 levels. Out of 10 constituents, 7 stocks were trading in the green, 2 in the red while 1 scrip remained unchanged. 

Tech Mahindra, TCS and Wipro were