Page 3 - Infosys Stock

Strong Q2 earnings, Rs 9,300-crore share buyback propel Infosys stock

Market players said buyback will support the stock price in the interim

Infosys shares jump 4% on strong quarterly earnings, net profit up 11%

Shares of Infosys climbed 4 per cent on Friday after the company posted better-than-expected 11 per cent rise in consolidated net profit for the September quarter and announced buyback of shares. Shares of the company went higher by 3.82 per cent to settle at Rs 1,474.05 on the BSE. During the day, it jumped 5.22 per cent to Rs 1,494. On the NSE, it climbed 4.02 per cent to end at Rs 1,477. It was the biggest gainer among the Sensex and Nifty components. The company's market valuation jumped Rs 22,878.82 crore to Rs 6,20,254.82 crore. In traded volume terms, 5.20 lakh shares of the company were traded on the BSE and over 1.49 crore shares on the NSE during the day. Other IT stocks like HCL Technologies and Tech Mahindra also ended higher. The 30-share BSE index jumped 684.64 points or 1.20 per cent to at 57,919.97 points. On Thursday, Infosys reported an 11 per cent rise in consolidated net profit at Rs 6,021 crore for the September quarter and announced buyback of shares worth

Infosys surges 5%; Q2 earnings, Rs 9,300 cr share buyback lifts sentiment

The IT major has increased the lower end of the revenue guidance keeping upper end constant i.e. revenue guidance changed from 14-16 per cent to 15-16 per cent in constant currency terms.

Infosys Q2 net profit rises 11% to Rs 6,021 cr, raises its FY23 guidance

Bloomberg had estimated revenue to be Rs 36,564 crore and net profit at Rs 5,902 crore

Infosys Q2 preview: Revenue could rise by up to 26% YoY; share buyback eyed

Infosys Q2 results preview: The company's margins are expected to improve by around 30 basis points (bps) on a quarterly basis (QoQ) to 20.3 per cent vs 20.1 per cent in Q1FY23 and 21.5 per cent in Q4

Infosys could announce a buyback along with its Q2FY23 results: Jefferies

However, they have not specified the quantum of the buyback the company could announce. Infosys is scheduled to announce its Q2-FY23 numbers on October 12

Infosys Q4 result analysis: Buy, sell or hold? What brokerages suggest

The Bengaluru-based IT major saw its revenue rise 23 per cent to Rs 32,276 crore in the recently concluded quarter, as against Rs 26,311 crore in the previous corresponding period

Market wrap: Sensex ends 533 pts up; Nifty above 18,200 led by RIL, Infosys

Realty index surges over 3%; Wipro reports Q3 net profit flat at Rs 2,969 cr, declares interim dividend of Re 1; Infosys Q3 PAT rises 12% to Rs 5,809 cr, raises FY22 revenue guidance

Street signs: HDFC Bank back in 'red flag' list, Sansera GMP at 15% & more

A red flag gets activated whenever the foreign shareholding is less than 3 per cent of the permissible limit, which in HDFC Bank's case is 74 per cent

Infosys: Analysts keep the faith despite the disappointing Q4 show

Street expects an upward revision in growth guidance; valuation divergence with TCS to narrow

Infosys Q4 net dips 2% sequentially, announces Rs 9,200-cr share buyback

IT firm reports total contract value for FY21 of $14.1 billion, an all-time high

Infosys Q4FY21 preview: PAT seen rising 14-23%; buyback details eyed

Infosys Q4FY21 preview: The company board will also consider a share buyback during a meeting on April 14. Following this development, the stock had hit a 52-week high of Rs 1,480 on the BSE on Monday

Record deal wins offer revenue visibility for Infosys in next 3 quarters

While double-digit growth in FY22 is a given, near term margins could come under pressure

Infosys' valuation gap with TCS set to narrow further after strong Q2 show

Sharp Q2 outperformance, growth guidance could shrink the discount to 10 per cent from 30% at the start of the year

Infosys ripe for re-rating after strong performance in June quarter

While the company's revenue grew by 8.5 per cent year-on-year to Rs 23,665 crore, its profit before tax (pre-tax profit) was up by 12.1 per cent year-on-year

Infosys plunges 12% in two days amid Covid-19 woes, stock hits 52-week low

The stock was down 3% to Rs 565 on the BSE, and was trading at its lowest level since April 19, 2018

Businesses face digital ceiling in transformation: Infosys study at WEF

Digital marketing is a particularly strong capability for Indian companies, according to the new global study by Infosys Knowledge Institute

Infosys stock likely to see a slew of upgrades after audit all-clear

Overhang on Infosys' stock due to whistleblower allegations is over after completion of investigation

Sensex hits new intra-day high with Infosys shares rising 2.4%

The Sensex rose 0.6 per cent, or 222 points, to close at 40,470, with Infosys shares rising 2.4 per cent, making one of the highest contribution to the gauge's gain

Infosys panel may summon CEO, CFO & finance team over whistleblower charges

Former CFO and deputy CFO could be approached to assist in the probe