Shares of Infosys ended over 1 per cent higher on Wednesday after the company posted a better-than-expected 10.3 per cent net profit growth for the second quarter.
The stock trimmed most of its early gains and ended at Rs 704.50, up 1.16 per cent on BSE. Intra-day, it surged 3.53 per cent to Rs 721. At NSE, shares of the company went up 1.47 per cent to close at Rs 705.50.
In terms of equity volume, 11.46 lakh shares of the company were traded on BSE and over 2 crore shares changed hands at NSE during the day.
Sanjeev Hota, AVP Research at Sharekhan by BNP Paribas, said Infosys had delivered “better than expected numbers on topline and bottomline front for second quarter, though margins performance missed the mark”.
India’s second-largest software services exporter Tuesday posted 10.3 per cent net profit growth in the second quarter after margins were boosted by large deal wins and reiterated its revenue forecast for full year.