Infosys settles higher ahead of Q3 results

Tags: Companies
Shares of Infosys today ended higher ahead of its third quarter earnings to be announced tomorrow.

The stock of the IT major settled 0.66 per cent higher at Rs 3,451.05

on the BSE. During the day, the scrip gained 1.55 per cent to Rs 3,481.95.

At the NSE, the stock closed at Rs 3,448.30, up 0.59 per cent from its previous close.

"Market expectations from Infosys remains muted. On the margin front, participants expect Infosys to deliver results on cost optimisation measures. Bottom-line is expected to grow by 5 per cent QoQ.

"Market will be more focused on qualitative aspects like clarification towards management changes and high profile exits, which have happened over the last few months," said Rakesh Tarway, VP, Head Equity Strategy & Derivative Products, Motilal Oswal Services.

Traditionally, the October-December quarter is a weak quarter for IT companies as the number of working days is lesser compared to other quarters due to the holiday season at the client locations.

Meanwhile, in the stock market the BSE benchmark Sensex ended flat at 20,713.37, down 16.01 points.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Copy the characters (respecting upper/lower case) from the image.

EDITORIAL OF THE DAY

  • To die with dignity is an inalienable part of right to life

    The death of Aruna Shanbaug this week has again brought the long-standing euthanasia debate to life.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Urs Schoettli

China looks to India for balance

Almost a third of the total world population lives in ...

Zehra Naqvi

Love and its stories

People must have bread. They can live without stories. No, Hameeda, ...

Dharmendra Khandal

Tiger in urban landscape

Ranthambhore is in a no-win situation. Just a few days ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture