- IRDAI sets a target of 5 years for life insurance companies for greater penetration; proposes state-level committee
- Dalal Street Corner: Bank, FMCG stocks help Nifty clear crucial hurdle of 15,800; what should investors do on Tuesday?
- Despite windfall tax, brokerages remain bullish on oil & gas stocks; see up to 70% upside on ONGC, Oil India
- Rupee settles flat at 78.94 against US dollar
- Akasa Air showcases crew uniform; conducts proving flight test
Infosys shares gain nearly 4% post Q2 results
Shares of Infosys rose by nearly 4 per cent Wednesday after the company posted a better-than-expected 10.3 per cent net profit growth in the second quarter.

New Delhi: Shares of Infosys rose by nearly 4 per cent Wednesday after the company posted a better-than-expected 10.3 per cent net profit growth in the second quarter. The scrip after a positive opening further gained 3.53 per cent to Rs 721 on BSE.
At NSE, shares of the company went up by 3.81 per cent to Rs 721.80. In terms of equity volume, 5.45 lakh shares of the company were traded on BSE and over one crore shares changed hands at NSE during the morning trade.
Sanjeev Hota, AVP Research at Sharekhan by BNP Paribas, said Infosys had delivered "better than expected numbers on topline and bottomline front for second quarter, though margins performance missed the mark".
The India's second-largest software services exporter Infosys Tuesday posted a better-than-expected 10.3 per cent net profit growth in the second quarter after margins were boosted by large deal wins and reiterated its revenue forecast for full year.
Watch this Zee Business video here:
Net profit in July-September rose to Rs 4,110 crore, or Rs 9.45 per share, from Rs 3,726 crore, or Rs 8.15 a share, a year ago, the company said in a statement. Revenue from operations grew 17.3 per cent to Rs 20,609 crore.
The company has declared an interim dividend of Rs 7 per share. The results were announced after market hours Tuesday.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
01:54 pm