Stocks

Infosys up 1.4%, gains for second day on weaker rupee

Reuters Mumbai | Updated on January 24, 2018

The Infosys share was up 1.4 per cent, recording gains for the second day on a weaker rupee.

Traders said exporters would gain as the rupee has fallen to a three-week low of 64.26 versus the dollar.

Gains were also aided after the Infosys CEO was quoted in the media as telling an investor conference that the company was on track to meet its financial year revenue guidance.

"There was a fair amount of shorting in this stock, which is getting corrected," said an analyst with a brokerage.

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Published on June 04, 2015
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