The quarterly results of Infosys, a leading IT company, have been released. In the second quarter (July-September) of the current financial year, the company has earned more than 20%. Infosys shares rose more than 2 percent during early trading on Thursday. However, after some time I got to see the profit booking. In the afternoon, Infosys share price fell more than 3 percent. At the same time, the share of other IT companies was also recorded. Tech Mahindra, HCL, TCS shares also weakened.
Infosys’ profit has increased
, according to information provided by Infosys, the profit has reached Rs 4,845 crore. In the same quarter of the previous financial year, the company made a net profit of Rs 4,019 crore. Infosys said its revenue grew by 8.5 percent to Rs 24,570 crore during the quarter. In the same quarter of the previous financial year, the company’s income was Rs 22,629 crore.
Infosys has announced an interim dividend of Rs 12 per equity share. IT company Infosys has announced increment and promotion to employees of all its levels. The company has said that the increment and promotion will be effective from January 1.
Sensex condition after 3 pm
The stock market witnessed a period of ups and downs in the opening trade. The Sensex was down 300 points to 40,500 points during business. Nifty declined by 100 points and it was below 11,900 points. In the afternoon business, the Sensex fell to 1100 points and came down to 40 thousand points, while talking about the Nifty, it dropped by more than 260 points to 11,700 points. At the end of the trade, the Sensex dropped 1066 points, or 2.61 percent, to settle at 39,728.41. Talking about Nifty, it closed at 11,680.35 points. The Nifty lost 290.70 points, or 2.43 per cent.
Wednesday was the 10th consecutive day
On Wednesday, for the 10th consecutive day in the stock market fluctuations in the local stock markets. The 30-share sensitive index of the BSE was fluctuating in the range of more than 600 points during trading in the Sensex. However, it ended 169.23 points, or 0.42 per cent, at 40,794.74 at the end of trading. Similarly, the NSE Nifty also rose 36.55 points or 0.31 percent to 11,971.05 points. The domestic stock market remained in profit for the 10th consecutive day.