Infosys logo

INFY - Infosys News Story

$18.38 -0.2  -1.2%

Last Trade - 07/05/21

Sector
Technology
Size
Large Cap
Market Cap £56.10bn
Enterprise Value £54.07bn
Revenue £9.82bn
Position in Universe 164th / 6858

BUZZ-Indian IT sector hits record high on Wipro buyback proposal, TCS Q2 results

Thu 8th October, 2020 5:38am
** India's IT services subindex on the NSE  .NIFTYIT  rises
as much as 4.4% to hit a record high of 21,933.60 points
    ** IT services provider Wipro Ltd's  WIPR.NS  shares rise as
much as 5.5% to 353.65 rupees, a record high, after the company
said on Wednesday it would consider stock repurchase 
    ** India's top software exporter Tata Consultancy Services
 TCS.NS  rises as much as 5.2% to 2,877.90 rupees, a record high
    ** TCS on Wednesday approved a share buyback of up to $2.2
billion and reported higher revenue and operating margin in Q2
 urn:newsml:reuters.com:*:nL4N2GY2FK
    ** Revenue at TCS' banking, financial services and insurance
unit rose 4.6% to 161.38 billion rupees in Q2. Total revenue
rose 3% to 401.35 billion rupees and operating margin expanded
2.2% to 26.2%, YoY
    ** Sept. quarter performance showed a broad-based rebound in
revenue growth across industries and geographies after weak Q1
-Emkay Global said in a note    
    ** Another leading IT services co Infosys Ltd  INFY.NS 
rises as much as 4.1% to 1,109.80, a record high
   

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 8061822737); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.