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Infosys moves up on entering into strategic seven-year partnership with CMA CGM Group

19 Sep 2017 Evaluate

Infosys is currently trading at Rs. 912.90, up by 4.45 points or 0.49% from its previous closing of Rs. 908.45 on the BSE.

The scrip opened at Rs. 910.10 and has touched a high and low of Rs. 915.40 and Rs. 903.65 respectively. So far 44733 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1080.70 on 14-Oct-2016 and a 52 week low of Rs. 861.50 on 22-Aug-2017.

Last one week high and low of the scrip stood at Rs. 917.95 and Rs. 881.00 respectively. The current market cap of the company is Rs. 208668.08 crore.

The promoters holding in the company stood at 12.75%, while Institutions and Non-Institutions held 57.72% and 12.84% respectively.

Infosys has entered into a strategic seven-year partnership with The CMA CGM Group, a world leader in container shipping, which will simplify and transform CMA CGM’s IT applications and improve customer service experience.

As part of the agreement, and at the request of CMA CGM, Infosys will open a Delivery Center (DC) in Marseille, which will become a key hub attracting and enhancing local expertise. Infosys will also acquire CMA CGM’s Innovation and Delivery Center in Dubai, UAE, expanding its footprint in the Middle East.

Infosys is a global leader in technology services and consulting. It enables clients in more than 50 countries to create and execute strategies for their digital transformation.

Peers
Company Name CMP
TCS 2196.00
Infosys 1056.10
HCL Technologies 1256.00
Wipro 166.35
Tech Mahindra 1559.00
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