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INFY - Infosys News Story

$18.38 -0.2  -1.2%

Last Trade - 07/05/21

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*: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)
 ((; (+91 8061822737); Reuters
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