INFOSYS LTD at All Time High; BSE IT Index Up 0.8%
August 16, 2018 02:40 PM

INFOSYS LTD share price has hit an all-time high at Rs 1,435 (up 1.4%).

Meanwhile, the BSE IT Index is at 15,092 (up 0.8%).

Among the top gainers in the BSE IT Index today are INFOSYS LTD (up 1.4%) and ORACLE FINANCIAL SERVICES .

TAKE SOLUTIONS (down 0.1%) and PERSISTENT SYSTEMS (down 0.2%) are among the top losers today.

Over the last one year, INFOSYS LTD has moved up from Rs 979 to Rs 1,435, registering a gain of Rs 455 (up 45.9%).

The BSE IT has moved up from 10,211 to 15,092, registering a gain of 4,881 points (up 47.4%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were NIIT TECHNOLOGIES (up 170.3%), KPIT TECHNOLOGIES (up 165.0%) and L&T INFOTECH LTD (up 146.4%).

What About the Benchmark Indices?

The BSE Sensex is at 37,892 (down 0.3%). The top gainers among the BSE Sensex stocks today are SUN PHARMA (up 2.1%), INFOSYS LTD (up 1.4%) and ICICI BANK (up 1.4%). Other gainers include AXIS BANK (up 1.2%) and BHARTI AIRTEL (up 1.2%). The most traded stocks in the BSE Sensex are SUN PHARMA and ICICI BANK.

In the meantime, NSE Nifty is at 11,450 (down 0.3%). The top gainers in the NSE Nifty include GAIL (up 3.4%), DR. REDDYS LAB (up 2.4%) and SUN PHARMA (up 2.1%). Other gainers include INFOSYS LTD (up 1.5%) and ICICI BANK (up 1.4%).

Over the last 12 months, the BSE Sensex has moved up from 31,449 to 37,892, registering a gain of 6,443 points (up 20.0%).

INFOSYS LTD Financial Update...

INFOSYS LTD net profit down at Rs 36 billion for the quarter ended June 2018, compared to a loss of Rs 51 billion a year ago. Net Sales rose 7.5% to Rs 191.3 billion during the period as against Rs 177.9 billion in April-June 2017.

For the year ended March 2018, INFOSYS LTD reported 11.9% increase in net profit to Rs 161.0 billion compared to net profit of Rs 143.8 billion during FY17.

Revenue of the company grew 3.0% to Rs 705 billion during FY18.

The current Price to earnings ratio of INFOSYS LTD, based on rolling 12 month earnings, stands at 19.3x.