Infosys rose 1.23% to Rs 2,128.35 at 15:05 IST on BSE after the firm said that Emirates Islamic Bank, a leading Sharia-compliant banking institution in the Middle East has selected Infosys Finacle Islamic Banking solution to power its operations.
The announcement was made during market hours today, 20 January 2015.
Meanwhile, the S&P BSE Sensex was up 543.84 points or 1.92% at 28,805.85.
On BSE, so far 57,000 shares were traded in the counter as against average daily volume of 2.11 lakh shares in the past one quarter.
The stock hit a high of Rs 2,132.90 and a low of Rs 2,100.45 so far during the day. The stock had hit a 52-week high of Rs 2,200.50 on 1 December 2014. The stock had hit a 52-week low of Rs 1,447 on 30 May 2014.
The stock had outperformed the market over the past one month till 19 January 2015, advancing 5.02% compared with Sensex's 3.25% rise. The scrip had also outperformed the market in past one quarter, jumping 9.11% as against Sensex's 8.25% rise.
The large-cap company has equity capital of Rs 574.24 crore. Face value per share is Rs 5.
Infosys said that Emirates Islamic Bank, a leading Sharia-compliant banking institution in the Middle East has selected Infosys Finacle Islamic Banking solution to power its operations and to support its vision of making Dubai the center of global Islamic Banking.
Infosys' consolidated net profit rose 4.97% to Rs 3250 crore on 3.4% growth in net sales to Rs 13796 crore in Q3 December 2014 over Q2 September 2014.
Infosys is a global leader in consulting, technology and outsourcing solutions.
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