Infosys surges on entering into strategic partnership with UIUC

23 Aug 2019

Infosys is currently trading at Rs. 806.15, up by 10.25 points or 1.29% from its previous closing of Rs. 795.90 on the BSE.

The scrip opened at Rs. 798.00 and has touched a high and low of Rs. 809.95 and Rs. 796.00 respectively. So far 32393 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 804.25 on 23-Jul-2019 and a 52 week low of Rs. 600.65 on 26-Nov-2018.

Last one week high and low of the scrip stood at Rs. 809.95 and Rs. 773.80 respectively. The current market cap of the company is Rs. 339008.79 crore.

The promoters holding in the company stood at 13.04%, while Institutions and Non-Institutions held 56.34% and 13.25% respectively.

Infosys has entered into strategic partnership with University of Illinois Urbana-Champaign (UIUC) to develop new technologies and systems in precision medicine. Through this partnership the company also becomes a member of the Center for Computational Biotechnology and Genomic Medicine (CCBGM).

This partnership will combine the company’s strength in advanced machine learning, its artificial intelligence capabilities through the Infosys Nia platform, with UIUC's expertise in computing systems, bioinformatics and genomic applications, to improve preventive care and enhance predictability of treatment outcomes of potential diseases.

Infosys is a global leader in technology services and consulting. The company enables clients in 45 countries to create and execute strategies for their digital transformation.

Related Infosys Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323