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Infosys trades firm post September-quarter earnings

The stock hit an intra-day high of Rs 944, bouncing back 3% from its early morning low of Rs 915 on the BSE

Infosys
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SI Reporter Mumbai
Infosys was trading firm at Rs 938, up 1% on BSE at 10:25 AM; after the company delivered in-line financial performance for the quarter ended September, 2017 (Q2FY18).

The stock hit an intra-day high of Rs 944, bouncing back 3% from its early morning low of Rs 915 on the BSE. A combined 3.63 million shares changed hands on the counter on the BSE and NSE so far.

Infosys said second-quarter profit grew 7% to Rs 3,726 crore on quarter-on-quarter (QoQ) basis, beating average analysts estimates of Rs 3,491 crore in Q2FY18. Revenue grew 2.9% to Rs 17,567