Infosys shares up over 3 per cent ahead of Q3 earnings

Shares of the company rose by 0.87 per cent to end at Rs 2,343.30 on BSE.

Update: 2017-01-12 14:26 GMT
Infosys had beefed up its fund five-fold to USD 500 million in 2015 to provide financing to startups and new technologies like artificial intelligence.

New Delhi: Shares of Infosys rose by over 3 per cent today ahead of its financial results to be announced tomorrow. The stock gained 3.20 per cent to settle at Rs 1,000.05 on BSE.

Intra-day, it rose by 3.65 per cent to Rs 1,004.40. At NSE, shares of the company went up by 3.19 per cent to end at Rs 1,000.05. On the volume front, 2.62 lakh shares of the company were traded on BSE and over 59 lakh shares changed hands at NSE during the day.

Meanwhile, India's biggest software services firm TCS today reported 10.9 per cent jump in profit to Rs 6,778 crore for the third quarter of the current fiscal. Shares of the company rose by 0.87 per cent to end at Rs 2,343.30 on BSE.

Buying was also seen in other IT stocks, with Wipro gaining 1.52 per cent, HCL Tech rose by 1.51 per cent, Tech Mahindra went up by 1.62 per cent and Hexaware Tech was up 1.88 per cent. The BSE IT index rose by 1.92 per cent to end at 10,144.16.  

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