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Infosys hits record high

Capital Market 

Infosys rose 2.26% to Rs 4,240 at 9:45 IST on BSE after the company said it has set 3 December 2014 record date for a liberal 1:1 bonus issue.

The announcement was made after market hours on Friday, 21 November 2014.

Meanwhile, the S&P BSE Sensex was up 164.65 points or 0.58% at 28,499.28.

On BSE, so far 19,000 shares were traded in the counter as against average daily volume of 73,094 shares in the past one quarter.

The stock hit a high of Rs 4,247.95 so far during the day, which is a record high for the counter. The stock hit a low of Rs 4,186 so far during the day. The stock had hit a 52-week low of Rs 2,894 on 30 May 2014.

The stock had outperformed the market over the past one month till 21 November 2014, surging 9.85% compared with the Sensex's 6.62% rise. The scrip had also outperformed the market in past one quarter, jumping 17.02% as against Sensex's 7.49% rise.

The large-cap company has equity capital of Rs 287.12 crore. Face value per share is Rs 5.

Infosys' consolidated net profit as per International Financial Reporting Standards (IFRS) rose 7.28% to Rs 3096 crore on 4.48% rise in revenue to Rs 13342 crore in Q2 September 2014 over Q1 June 2014.

Infosys is a global leader in consulting, technology and outsourcing solutions.

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First Published: Mon, November 24 2014. 09:42 IST