INFOSYS LTD at All Time High; BSE IT Index Up 0.6%

INFOSYS LTD share price has hit an all-time high at Rs 1,304 (up 0.68%).

Meanwhile, the BSE IT Index is at 13,917 (up 0.64%).

Among the top gainers in the BSE IT Index today are INFOSYS LTD (up 0.68%) and TCS (up 0.34%)

TECH MAHINDRA (down 0.35%) and ORACLE FINANCIAL SERVICES (down 0.63%) are among the top losers today.

Over the last one year, INFOSYS LTD has moved up from Rs 924 to Rs 1,304, registering a gain of Rs 380 (up 40.37%).

The BSE IT has moved up from 9,772 to 13,917, registering a gain of 4,145 points (up 42.01%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were KPIT TECHNOLOGIES (up 119.10%), FIRSTSOURCE SOL. (up 118.75%) and L&T INFOTECH LTD (up 108.94%).

What About the Benchmark Indices?

The BSE Sensex is at 35,215 (up 0.49%). The top gainers among the BSE Sensex stocks today are TATA STEEL (up 1.98%), SBI (up 1.64%) and VEDANTA LTD (up 1.59%). Other gainers include ONGC (up 1.46%) and RELIANCE IND. (up 1.34%). The most traded stocks in the BSE Sensex are ICICI BANK and HIND. UNILEVER.

In the meantime, NSE Nifty is at 10,648 (up 0.53%). The top gainers in the NSE Nifty include BPCL (up 2.67%), HPCL (up 1.97%) and ONGC (up 1.76%). Other gainers include SBI (up 1.71%) and IOC (up 1.65%).

Over the last 12 months, the BSE Sensex has moved up from 30,834 to 35,215, registering a gain of 4,381 points (up 14.19%).

INFOSYS LTD Financial Update...

INFOSYS LTD net profit declined 28.1% YoY to Rs 37 billion for the quarter ended March 2018, compared to a loss of Rs 51 billion a year ago. Net Sales rose 1.6% to Rs 180.8 billion during the period as against Rs 177.9 billion in January-March 2017.

For the year ended March 2018, INFOSYS LTD reported 11.9% increase in net profit to Rs 161.0 billion compared to net profit of Rs 143.8 billion during FY17.

Revenue of the company grew 3.0% to Rs 705 billion during FY18.

The current Price to earnings ratio of INFOSYS LTD, based on rolling 12 month earnings, stands at 17.6x.

This article was originally published in English at www.equitymaster.com

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