Infosys shines on plans to establish software development centre in Maharashtra

07 Mar 2012 Evaluate

Infosys is currently trading at Rs. 2874.55, up by 25.50 points or 0.90% from its previous closing of Rs. 2849.05 on the BSE.

The scrip opened at Rs. 2845.00 and has touched a high and low of Rs. 2888.00 and Rs. 2837.00 respectively. So far 90,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3316.85 on 13-Apr-2011 and a 52 week low of Rs. 2169.00 on 25-Aug-2011.

Last one week high and low of the scrip stood at Rs. 2888.00 and Rs. 2796.00 respectively. The current market cap of the company is Rs. 1,65,062.00 crore.

The promoters holding in the company stood at 16.04% while Institutions and Non-Institutions held 54.85% and 15.00% respectively.

After setting up software development centre in Pune, IT major Infosys is planning to establish another software development centre in Maharashtra with an investment of about Rs 100 crore. In this regard, the Bangalore-based software services provider has signed a Memorandum of Understanding (MoU) with Maharashtra Airport Development Company (MADC). India's second-largest software firm will be allocated 142 acres for the centre at Mihan, a air cargo project being developed by MADC.

According to the MoU, the IT firm will start operations within three years at the centre which will come up at an investment of Rs 100 crore and provide jobs to about 2,000 software engineers over five years.

Infosys had 64 offices and 68 development centres in India and abroad and 1,45,088 employees as on December 31, 2011.

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