Infosys trades with traction on the bourses

14 Jan 2015

Infosys is currently trading at Rs. 2103.95, up by 16.70 points or 0.80% from its previous closing of Rs. 2087.25 on the BSE.

The scrip opened at Rs. 2095.00 and has touched a high and low of Rs. 2117.00 and Rs. 2092.90 respectively. So far 83998 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2200.50 on 01-Dec-2014 and a 52 week low of Rs. 1447.00 on 30-May-2014.

Last one week high and low of the scrip stood at Rs. 2119.00 and Rs. 1914.10 respectively. The current market cap of the company is Rs. 242781.31 crore.

The promoters holding in the company stood at 13.08% while Institutions and Non-Institutions held 56.86% and 14.31% respectively.

Infosys Public Services, a U.S. based subsidiary of Infosys, has successfully implemented a premium billing and payments solution for L.A. Care Health Plan, the largest publicly operated health plan in the U.S. serving more than 1.6 million members. This solution will help improve access to health benefits for 24,000 members on its L.A. Care Covered plan offered through the Covered California health insurance marketplace.

As part of the project, Infosys Public Services implemented key business functions including Invoicing, Member Effectuation, Payment Collections, Member Outreach, Grace Period Handling for Advanced Premium Tax Credit (APTC) and non-APTC members. The solution was implemented in a stringent 12-week timeframe. Infosys Public Services pooled its state marketplace experience, premium billing and payment functions expertise, and its knowledge on Benaissance ExchangePointSM and TriZetto QNXT platforms to achieve these results. The accelerated rollout enabled L.A. Care to comply with the California state timeline for member renewals and open enrollment for 2015.

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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