Infosys pares early losses; shares up 0.9%

Rajalakshmi S Updated - January 08, 2018 at 11:22 PM.

Shares of Infosys recovered from its early losses of as much as 1.24 per cent and ended the session up by nearly one per cent in Wednesday's trade.

Shares of the second-biggest software services exporter opened the session at Rs 920 against the previous close of Rs 926.75, touched an intraday high of Rs 944.15 and a low of Rs 915.25 on the BSE.

However, the stock recovered from early losses and ended higher by 0.93 per cent at Rs 935.40 on the BSE. On the NSE, the stock was up 0.84 per cent at Rs 934.25. In terms of equity volume, 4.16 lakh shares were traded on the BSE.

Infosys had on Tuesday said its n et profit grew 3.32 per cent to Rs 3,726 crore during the second quarter of 2017-18, while revenues grew nearly 1.5 per cent to Rs 17,577 crore.

Q2 revenues grew sequentially by 2.9 per cent in terms of dollar, and 2.2 per cent in constant currency terms. During the second quarter, revenues grew 5.4 per cent year-on-year in terms of US dollar.

Published on October 25, 2017 10:22