Infosys stock creates biggest buzz
DSIJ Intelligence / 31 Jul 2017
IT major Infosys is currently the most active stock in terms of value on the NSE. The stock was trading higher by Rs 14 per share, or 1.38%, at around Rs 1,011 per share on the NSE.
IT major Infosys is currently the most active stock in terms of value on the NSE. The stock was trading higher by Rs 14 per share, or 1.38%, at around Rs 1,011 per share on the NSE. It has been trading above its volume weighted average price of Rs 1,001 per share.
The stock has attracted traded volume of 38,88,860 shares and traded value of Rs 389.32 crore as of 1035 hours on Monday. It has been outperforming the major indices and Nifty IT index, which was trading at the 10,760 level, up by 61 points or 057%.
Infosys is the top gainer in Nifty IT index. There are six advancing stocks and only one declining stock viz. HCL Technologies in the index.
Infosys has maintained FY18 guidance at 6.5% to 8.5%. Its revenue in dollar terms increased by 3.2% to USD 2,651 million in Q1 FY18. The company has reported decline in net profit by 3.4% to Rs 3,483 crore.
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