Thursday's Hot Stock! Infosys skyrockets by nearly 14% on healthy Q1FY21

Infosys reported a consolidated net profit of Rs4,272cr increasing by 12.4% from Rs3,802cr in the corresponding period of the previous year.

Jul 16, 2020 10:07 IST India Infoline News Service

Infosys was the most bought stock on Dalal Street during Thursday's trading session, after the IT-giant registered growth in its bottom-line and top-line base for the quarter ending June 2020 (Q1FY21). On Sensex, the Infosys stock has clocked a 52-week high of Rs946.50 per piece. With the all-time high, the stock has advanced by as much as 13.83% so far on today's session.

Infosys has posted its Q1FY21 result on Wednesday, where it reported a consolidated net profit of Rs4,272cr increasing by 12.4% from Rs3,802cr in the corresponding period of the previous year. Meanwhile, operating profit stood at Rs5,365cr with a growth of 20% yoy and 8.9% qoq. As for the operating margin, it was at 22.7%.

Consolidated revenue from operations at Rs23,665cr, grew from Rs21,803cr of the similar quarter a year ago.

Infosys has set its FY21 revenue growth guidance in the range of 0-2% in constant currency. While operating margin for FY 21 to be in the range of 21-23%.
At around 10.20 am, Infosys was performing at Rs942.90 per piece skyrocketing by Rs111.45 or 13.40% on Sensex.
The stock opened at Rs900 per piece on Sensex, higher from the previous closing of Rs831.45 per piece. 

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