INFOSYS LTD at All Time High; BSE IT Index Up 0.4%

Mon, 18 Jun 09:30 AM

INFOSYS LTD share price has hit an all-time high at Rs 1,290 (up 0.56%).

Meanwhile, the BSE IT Index is at 14,071 (up 0.41%).

Among the top gainers in the BSE IT Index today are INFOSYS LTD (up 0.56%) and ORACLE FINANCIAL SERVICES (up 0.73%)

ECLERX SERVICES (down 0.03%) and NIIT LTD (down 0.05%) are among the top losers today.

Over the last one year, INFOSYS LTD has moved up from Rs 952 to Rs 1,290, registering a gain of Rs 338 (up 35.21%).

The BSE IT has moved up from 9,966 to 14,071, registering a gain of 4,105 points (up 40.56%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were FIRSTSOURCE SOL. (up 169.23%), KPIT TECHNOLOGIES (up 128.00%) and SONATA SOFTWARE (up 114.75%).

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What About the Benchmark Indices?

The BSE Sensex is at 35,722 (up 0.07%). The top gainers among the BSE Sensex stocks today are ICICI BANK (up 1.47%), TATA MOTORS (up 1.25%) and TATA MOTORS DVR (up 1.17%). Other gainers include HIND. UNILEVER (up 0.89%) and SUN PHARMA (up 0.81%). The most traded stocks in the BSE Sensex are TCS and SBI.

In the meantime, NSE Nifty is at 10,830 (up 0.08%). The top gainers in the NSE Nifty include HPCL (up 3.07%), IOC (up 2.41%) and BPCL (up 1.64%). Other gainers include ICICI BANK (up 1.50%) and TATA MOTORS (up 1.20%).

Over the last 12 months, the BSE Sensex has moved up from 31,076 to 35,722, registering a gain of 4,646 points (up 14.71%).

INFOSYS LTD Financial Update...

INFOSYS LTD net profit declined 28.1% YoY to Rs 37 billion for the quarter ended March 2018, compared to a loss of Rs 51 billion a year ago. Net Sales rose 101.6% to Rs 180.8 billion during the period as against Rs 177.9 billion in January-March 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 17.5x.

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