Infosys surges on plan of major expansion of operations in Bengaluru

07 May 2015

Infosys is currently trading at Rs. 1955.25, up by 32.75 points or 1.70% from its previous closing of Rs. 1922.50 on the BSE.

The scrip opened at Rs. 1928.80 and has touched a high and low of Rs. 1967.00 and Rs. 1911.10 respectively. So far 54430 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2335.20 on 20-Feb-2015 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. 2005.00 and Rs. 1917.50 respectively. The current market cap of the company is Rs. 223722.41 crore.

The promoters holding in the company stood at 13.08% while Institutions and Non-Institutions held 53.06% and 17.66% respectively.

Infosys, a global leader in consulting, technology, outsourcing and next-generation services, is planning a significant expansion of its operations in Bengaluru, adding about 21,500 seats at the Electronics City software hub by spending about Rs 2,000 crore.  The company has submitted a proposal to the government seeking clearances.  The company is sitting on cash reserves of about Rs 32,800 crore, and wants to dip into this to create new facilities as it aims to touch $20 billion in revenue by 2020.

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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