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E-mail ID will not be published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.

EDITORIAL OF THE DAY

  • Sanskrit does not compare with German in the job market

    While there can be no argument that the importance of Sanskrit as an all-India language needs to be emphasised, particularly for the young generation

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

M S Swaminathan

Public good research in agriculture

Public good research in agriculture is designed to promote risk ...

Purnendu Ghosh

Why we must know the rules of the game

We like to believe that people are good and we ...

Shona Adhikari

Pop art is truly a feast for the eyes

The internationally reknowned Bruno Art Group’s presence in India had ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture