Business

Share price of Infosys & HCL Tech gaining spree

The Fact News Service

October 13

Infosys and HCL Technologies will announce their corporate results on October 14 and October 16, 2020, respectively.

As quoted in various reports, Infosys stock has been on a gaining spree for
nine days, rising 13.74 per cent. Infosys share price gained over one per
cent to hit a fresh 52-week high of Rs 1,146.50 apiece for the second
consecutive day on BSE. IT bellwether on Monday announced that it has completed the acquisition of Kaleidoscope Innovation, a full-spectrum product design, development and insights firm innovating across medical, consumer and industrial markets, bolstering capabilities in the design of smart products. The stock has been on a gaining spree for nine days, rising 13.74 per cent. Another IT stock, HCL Technologies too hit a fresh 52-week high of Rs 885 apiece on BSE.

According to a report in  Economic Times with today’s gain, the
Infosys stock price has risen over 124 per cent from March lows.
Similarly, HCL Tech stock has rallied over 135 per cent in nearly
seven months. Last week, Infosys co-founder and Non-Executive Chairman Nandan Nilekani informed that the company is looking at doubling its headcount in Canada to over 4,000 employees in the next 12-18 months. The Nifty IT index was also trading 0.74 per cent higher, with Naukri, HCL Tech,
Mphasis, Mindtree and other stocks.

In late mornings deals, Infosys shares were trading nearly one per cent up
at Rs 1,142.75 apiece, as compared to a 0.33 per cent rise in the
S&P BSE SENSEX.

(story sourced through inputs from agencies)

 

 

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