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Infosys trades higher on the bourses

12 Sep 2016

Infosys is currently trading at Rs. 1041.30, up by 5.30 points or 0.51% from its previous closing of Rs. 1036.00 on the BSE.

The scrip opened at Rs. 1028.00 and has touched a high and low of Rs. 1046.00 and Rs. 1026.00 respectively. So far 15,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1278.00 on 03-Jun-2016 and a 52 week low of Rs. 1009.20 on 22-Aug-2016.

Last one week high and low of the scrip stood at Rs. 1058.50 and Rs. 1025.00 respectively. The current market cap of the company is Rs. 2,39,571.00 crore.

The promoters holding in the company stood at 12.75%, while Institutions and Non-Institutions held 57.71% and 12.77% respectively.

In a massive reorganization, Infosys is reportedly splitting itself into 12-15 smaller business units, each with revenue of $500 - $700 million, its own sales heads and P&L (profit & loss) responsibilities. The move will help the company in better market penetration and in client management.

Currently, the organization is divided into four large verticals-banking & financial services and insurance, with $3 billion in revenue; retail & life sciences, with $2.3 billion; manufacturing & hi-tech, with $2.2 billion; and energy & utilities, communications and services, with $1.9 billion. Each of these will be split into smaller units.

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.

Related Infosys Ltd. Links:

Infosys Share Price

1748.00 -5.85 (-0.33%) Oct 22, 09:23
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323