Business

Infosys shares jump 4% on strong quarterly earnings

PTI

Shares of Infosys climbed 4 per cent on Friday after the company posted better-than-expected 11 per cent rise in consolidated net profit for the September quarter and announced buyback of

shares.

Shares of the company went higher by 3.82 per cent to settle at Rs 1,474.05 on the BSE. During the day, it jumped 5.22 per cent to Rs 1,494.

 On the NSE, it climbed 4.02 per cent to end at Rs 1,477.

 It was the biggest gainer among the Sensex and Nifty components.

 The company's market valuation jumped Rs 22,878.82 crore to Rs 6,20,254.82 crore.

In traded volume terms, 5.20 lakh shares of the company were traded on the BSE and over 1.49 crore shares on the NSE during the day.

 Other IT stocks like HCL Technologies and Tech Mahindra also ended higher.