Infosys
shares rose on Friday after the company posted a 21 per cent rise in quarterly net profit beating analysts' estimates.
The stock closed 2.84 per cent or 97.45 points higher to Rs 3,548. 90 on the Bombay Stock Exchange. During the session, the Infosys stock touched an intra-day high of Rs 3,575.20.
The Sensex closed 45 points higher at 20,758 points.
Infosys whose customers include Bank of America Corp and BT Group Plc said profit for the three months ended Dec 31 was 28.75 billion rupees ($463 million)'' compared with the average estimate of 27.15 billion rupees by 21 analysts, according to Thomson Reuters.
In a regulatory filing to stock exchanges on Friday, the IT bellwether said consolidated revenue for the quarter under review (Q3), increased 25 per cent YoY to Rs 13,026 crore as per the Indian accounting standard.
With inputs from Reuters
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