New Delhi, Jul 16 (DIN NEWS)<\/b> Shares of Infosys rose by nearly 6 per cent to hit its one-year high level today even as the company posted a lower-than-expected earnings for the quarter ended on June 30, 2018.<\/p>\n
The stock, after a positive opening, further gained 5.75 per cent to Rs 1,384.40 — its 52-week high — on BSE.<\/p>\n
On NSE, shares of the company surged 5 per cent to hit a one-year high of Rs 1,384.40.<\/p>\n
The stock was the biggest gainer among the blue chips on both indices during morning trade.<\/p>\n
Sanjeev Zarbade Vice President Research Kotak Securities said, Infosys results missed the street estimates.<\/p>\n
The country’s second-biggest software services exporter, on Friday posted a lower-than-expected 3.7 per cent rise in net profit for the quarter ended on June 30, 2018, due to a one-off charge related to fair value reduction of up-for-sale Panaya business.<\/p>\n
The consolidated net profit in April-June at Rs 3,612 crore, or Rs 16.62 a share, was higher than Rs 3,483 crore, or Rs 15.24 a share, net earnings in the same period of the previous fiscal.<\/p>\n
Revenue rose 12 per cent to Rs 19,128 crore as the firm maintained earnings guidance for the fiscal year ending March 2019 at 6-8 per cent in constant currency terms.<\/p>\n\n","protected":false},"excerpt":{"rendered":"
New Delhi, Jul 16 (DIN NEWS) Shares of Infosys rose by nearly 6 per cent to hit its one-year high level today even as the company posted a lower-than-expected earnings for the quarter ended on June 30, 2018. The stock, after a positive opening, further gained 5.75 per cent to Rs 1,384.40 — its 52-week high — on BSE. On NSE, shares of the company surged 5 per cent to hit a one-year high of Rs 1,384.40. The stock was the biggest gainer among the blue chips on both indices…<\/p>\n","protected":false},"author":1,"featured_media":15339,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[6,4],"tags":[],"_links":{"self":[{"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/posts\/15338"}],"collection":[{"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dinnews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15338"}],"version-history":[{"count":1,"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/posts\/15338\/revisions"}],"predecessor-version":[{"id":15340,"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/posts\/15338\/revisions\/15340"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/media\/15339"}],"wp:attachment":[{"href":"https:\/\/dinnews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dinnews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dinnews.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}