Infosys Technologies has announced a jump of 4% in its net profit, compared to the previous quarter. The markets have been taken by surprise with the results of Infy, and the stock has moved up by 3% in today’s trade.
The company has announced its net profit at Rs. 2992 crores, an increase of 4 percent while compared to that in the previous quarter. The dollar growth guidance has been announced as 7-9%. With these sets of numbers, Infy has announced a dividend of Rs 43 per share for the financial year of 2013-14.
The stock of Infy has moved up in today’s trade. The stock went up by 4% and then cooled off from there.
Infy is trading at 3338, up by 3.2%.
Markets correct further
Some of the cement stocks namely Ambuja Cements and Ultratech cements have lost 2% in the trade.
However liquor company MC Dowell has gained 11% in the trade today.