Infosys surges on plan to develop new solutions for the Industrial Internet of Things

01 Oct 2015

Infosys is currently trading at Rs. 1175.80, up by 15.35 points or 1.32% from its previous closing of Rs. 1160.45 on the BSE.

The scrip opened at Rs. 1169.90 and has touched a high and low of Rs. 1197.00 and Rs. 1165.60 respectively. So far 167090 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1186.00 on 19-Aug-2015 and a 52 week low of Rs. 900.00 on 10-Oct-2014.

Last one week high and low of the scrip stood at Rs. 1197.00 and Rs. 1098.00 respectively. The current market cap of the company is Rs. 270005.85 crore.

The promoters holding in the company stood at 13.08% while Institutions and Non-Institutions held 57.10% and 13.08% respectively.

Infosys, a global leader in consulting, technology, outsourcing and next-generation services, will create new Internet of Things (IoT) solutions, which will help derive practical benefits from massive amounts of data generated through connected devices in the industrial enterprise. Infosys has collaborated with GE, a digital industrial company, and others to develop these solutions, designed to help manufacturers and other industrial enterprises improve asset efficiency and build more intelligent linkages between design, production and field testing.

Industrial Internet Consortium was established to help organizations break down the barriers of technology silos and support better integration of the physical and digital worlds. The internet of things is about dissolving the layers of complexity and the intermediaries that create distance between the point of manufacturing and the point of consumption, between understanding and preventing points of failure in the manufacturing process, in machines or in critical processes, and between what the customer wants and what is delivered.

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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