Infosys is currently trading at Rs. 2518.80, up by 43.95 points or 1.78% from its previous closing of Rs. 2474.85 on the BSE.
The scrip opened at Rs. 2475.00 and has touched a high and low of Rs. 2529.80 and Rs. 2472.10 respectively. So far 1,01,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3493.95 on 07-Jan-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. 2537.25 and Rs. 2302.00 respectively. The current market cap of the company is Rs. 1,44,626.00 crore.
The promoters holding in the company stood at 16.04% while Institutions and Non-Institutions held 46.72% and 22.58% respectively.
Infosys, India’s second-largest software exporter is in advanced talks to acquire a US-based information technology firm, according to a report.
The deal size is expected to be in the range of $700-750 million. The company needed to diversify beyond banking services, which contribute 35.4% to the revenue.
If the buyout goes through, it will be the biggest acquisition in Infosys history. Its acquisitions in the past, like McCamish and Expert Information Systems, were worth under $50 million. The last time Infosys made a bid for a buyout was for Axon, which was eventually acquired by rival HCL.
Recently, the company had entered into three-year memorandum of understanding (MoU) with Singapore Management University (SMU). According to the MoU, both entities will work together to develop training programme content for Infosys employees as well as case studies and learning labs for SMU’s Bachelor of Science (IS Management) and Master of IT in Business degree programs.
| Company Name | CMP |
|---|---|
| TCS | 4168.05 |
| Infosys | 1922.05 |
| HCL Tech. | 1911.20 |
| Wipro | 305.15 |
| Tech Mahindra | 1685.20 |
| View more.. | |
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