Infosys rose 0.75% to Rs 3,454.20 at 14:31 IST on BSE ahead of Q3 December 2013 results on Friday, 10 January 2014.
Meanwhile, the BSE Sensex was up 20.50 points, or 0.10%, to 20,749.88.
On BSE, so far 52,000 shares were traded in the counter, compared with an average volume of 91,838 shares in the past one quarter.
The stock hit a high of Rs 3,481.95 and a low of Rs 3,417.30 so far during the day. The stock hit a record high of Rs 3,581 on 6 January 2014. The stock hit a 52-week low of Rs 2,190 on 29 April 2013.
The stock had outperformed the market over the past one month till 8 January 2014, rising 3.06% compared with the Sensex's 1.27% fall. The scrip had also outperformed the market in past one quarter, rising 13.06% as against Sensex's 3.73% rise.
The large-cap company has an equity capital of Rs 287.12 crore. Face value per share is Rs 5.
At the time of announcement of Q2 September 2013 results in October 2013, Infosys had raised its revenue guidance in both dollar and rupee terms. The increase in revenue growth guidance in rupee terms was driven by weakness in rupee against the dollar. The company had at that time forecast 9% to 10% growth in revenue in dollar terms for the year ending 31 March 2014 (FY 2014). At that time, the company had issued a forecast of 21% to 22% growth in revenue in rupee terms based on the assumption of rupee dollar conversion rate of 62.61 for the rest of the fiscal year.
On a consolidated basis, Infosys' net profit rose 1.4% to Rs 2407 crore on 15.1% increase in total revenues to Rs 12965 crore in Q2 September 2013 over Q1 June 2013. Infosys has made a provision of Rs 219 crore towards visa related expenses in Q2 September 2013. The results are as per International Financial Reporting Standards (IFRS).
Infosys is a global leader in consulting, technology and outsourcing solutions.
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