Infosys gains on inking agreement with BP to provide IT Services

05 Sep 2014

Infosys is currently trading at Rs 3717.00, up by 8.95 points or 0.24% from its previous closing of Rs 3708.05 on the BSE.

The scrip opened at Rs 3722.00 and has touched a high and low of Rs 3792.95 and Rs 3710.00 respectively. So far 28312 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs 3847.20 on 03-Mar-2014 and a 52 week low of Rs 2894.00 on 30-May-2014.

Last one week high and low of the scrip stood at Rs 3740.00 and Rs 3556.50 respectively. The current market cap of the company is Rs. 214589.18 crore.

The promoters holding in the company stood at 15.94% while Institutions and Non-Institutions held 55.66% and 12.23% respectively.

Infosys, a global leader in consulting, technology and outsourcing solutions, has been selected by BP to provide IT services, in particular Application Support and Development to BP. Infosys was chosen to support BP in running, enhancing and developing business applications and improving business IT processes across all key BP IT operations.

The agreement, which is effective from September 1, 2014, will provide IT services (in particular Application Support and Development) across BP’s operations, including corporate functions, upstream and downstream segments, energy trading and marketing. The agreement’s geographical scope includes BP’s main facilities in Houston, Texas, and in the UK, as well as support in locations as diverse as Azerbaijan, Angola, Brazil and Singapore.

Infosys is a global leader in consulting, technology and outsourcing solutions. The company enables clients, in more than 30 countries, to stay a step ahead of emerging business trends and outperform the competition.

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