Stock Market update: Infosys Ltd shares up by 1.57% post Q3 results

The shares of Infosys Ltd rose by 1.57% early trade today against the previous close at Rs 1877.45.

The shares of IT Services company Infosys Limited rose by 1.57% in today’s trade. The share price hit at Rs. 1,892.35 per equity share against the previous close at Rs. 1,877.45 and reclaiming over 15 points at 12:25 PM IST.

Today, the trade opened at Rs. 1905.00 per share and hit a high of Rs. 1912.50 per equity share.
Since September 2021, the shares of Infosys Ltd have witnessed a rise. The previous low was on October 29, 2021, when the share price dropped at Rs. 1667.75 and representing a decrease of 7.95%.

On 12 January, Infosys Limited announced its financial results report of the quarter ending December 2021 and as per the report, it registered a near 12% rise in its net profit at Rs. 5809 crore from Rs 5,197 crore in the same quarter last year.

Following this, the company also said that its revenue from operations increased 22.91 per cent year-on-year (YoY)to Rs 31,867 crore. Whereas, the previous year in the same quarter the revenue stood at Rs 25,927 crore.

“Our strong performance and market share gains are a testament to the enormous confidence our clients have in us to help them in their digital transformation. We expect the healthy technology spend to continue with large enterprises progressing on their digital transformations,” said Salil Parekh, CEO and MD at Infosys.


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