After making a positive opening, the stock further gained 2.28 percent to Rs 3,529.90 on the BSE. On the NSE, the scrip went up by 2.26 percent to Rs
The bellwether stock was the top gainer among the bluechips on both the Sensex as well as Nifty during the early trade.
"Infosys numbers came in-line with expectations. Revenue guidance is good, but the stock price seems to have factored in this," said Kishor Ostwal, CMD, CNI Research.
According to Paras Bothra, Research Head, Ashika Stock Brokers, "Results are reasonably okay. The key take away is that guidance has been increased." The country's second-largest software services firm, Infosys, on Friday reported a 21.4 percent increase in net profit to Rs 2,875 crore in the third quarter ended December 31.
Profit was Rs 2,369 crore in the same period a year earlier. Revenue rose 25 percent to Rs 13,026 crore from Rs 10,424 crore, Infosys said in a BSE filing. The company has also raised its revenue growth forecast to 24.4-24.9 percent for the financial year ending March 31, 2014, from 21-22 percent estimated earlier.
Infosys earnings had a positive rub-off on other IT stocks, with the BSE IT index rising 1.51 percent against a 0.07 percent rise in broader benchmark Sensex.


Latest News  from Business News Desk