Shares of information technology (IT) companies are in focus after the sector major Infosys has reported a better-than-expected net profit for the quarter ended June 2013.
Infosys has rallied nearly 15% to Rs 2,905 in opening deals on the Bombay Stock Exchange (BSE). The counter has seen huge trading activities with a combined 1.14 million shares have changed hands in early morning deals on BSE and NSE.
Infosys has reported a consolidated net profit at Rs 2,374 crore against an average analysts estimates of Rs 2,296 crore for the first quarter ended June 2013 (Q1). The company has retained its 6-10% US Dollar revenue growth guidance for FY2014.
Among the other individual stocks, Tata Consultancy Services (TCS) is up 2.4% at Rs 1,598, followed by MindTree and Wipro are trading higher by 2% each at Rs 900 and Rs 370 respectively.
HCL Technologies, Hexaware Technologies, Tech Mahindra and MphasiS are up in the range of 1-2%. The BSE IT index, the largest gainer among the sectoral indices, is up 6% compared to 0.74% rise in benchmark Sensex.
Infosys has rallied nearly 15% to Rs 2,905 in opening deals on the Bombay Stock Exchange (BSE). The counter has seen huge trading activities with a combined 1.14 million shares have changed hands in early morning deals on BSE and NSE.
Infosys has reported a consolidated net profit at Rs 2,374 crore against an average analysts estimates of Rs 2,296 crore for the first quarter ended June 2013 (Q1). The company has retained its 6-10% US Dollar revenue growth guidance for FY2014.
Among the other individual stocks, Tata Consultancy Services (TCS) is up 2.4% at Rs 1,598, followed by MindTree and Wipro are trading higher by 2% each at Rs 900 and Rs 370 respectively.
HCL Technologies, Hexaware Technologies, Tech Mahindra and MphasiS are up in the range of 1-2%. The BSE IT index, the largest gainer among the sectoral indices, is up 6% compared to 0.74% rise in benchmark Sensex.
