Infosys rose 2.16% to Rs 1,153.05 at 10:00 IST on BSE, with the stock extending previous session's 4.28% gains triggered by the company raising its revenue growth guidance for the year ending 31 March 2016.
Meanwhile, the S&P BSE Sensex was up 10.25 points or 0.04% at 24,783.22.
On BSE, so far 48,483 shares were traded in the counter as against average daily volume of 1.66 lakh shares in the past one quarter. The stock hit a high of Rs 1,163.45 and a low of Rs 1,145 so far during the day. The stock had hit a record high of Rs 1,219 on 12 October 2015. The stock had hit a 52-week low of Rs 932.55 on 10 July 2015. The stock had outperformed the market over the past one month till 14 January 2016, rising 5.54% compared with Sensex's 1.5% fall. The scrip had also outperformed the market in past one quarter, gaining 2.85% as against Sensex's 7.49% fall.
The large-cap company has equity capital of Rs 1148.47 crore. Face value per share is Rs 5.
Shares of Infosys had risen 4.28% to Rs 1,128.70 yesterday, 14 January 2016 after the company announced its Q3 results. Infosys' consolidated net profit as per International Financial Reporting Standards (IFRS) rose 2% to Rs 3465 crore on 1.7% increase in revenue to Rs 15902 crore in Q3 December 2015 over Q2 September 2015. The result was announced during market hours yesterday, 14 January 2016.
Infosys now expects its revenue to grow 8.9%-9.3% in dollar terms for the year ending 31 March 2016 (FY 2016). At the time of announcement of Q2 September 2015 results, Infosys had forecast 6.4%-8.4% growth in the company's revenue in dollar terms for FY 2016. The revenue growth guidance in constant currency terms has been raised to 12.8%-13.2% from previous 10%-12%.
Thanks to weakness of the rupee against the dollar, Infosys has raised revenue growth guidance in rupee terms. Infosys now expects its revenue to grow 16.2%-16.6% in rupee terms for the year ending 31 March 2016 (FY 2016). At the time of announcement of Q2 September 2015 results, Infosys had forecast 13.1%-15.1% growth in the company's revenue in rupee terms for FY 2016. The revised guidance is based on rupee-dollar exchange rate of 66.16.
Infosys is a global leader in consulting, technology and outsourcing solutions.
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