Infosys spurts as LIC hikes stake

09 Jul 2013

Infosys is currently trading at Rs. 2494.95, up by 23.25 points or 0.94% from its previous closing of Rs. 2471.70 on the BSE.

The scrip opened at Rs. 2477.00 and has touched a high and low of Rs. 2512.00 and Rs. 2477.00 respectively. So far 48858 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3010.00 on 07-Mar-2013 and a 52 week low of Rs. 2101.65 on 26-Jul-2012.

Last one week high and low of the scrip stood at Rs. 2512.00 and Rs. 2392.85 respectively. The current market cap of the company is Rs. 143604.98 crore.

The promoters holding in the company stood at 16.04% while Institutions and Non-Institutions held 57.83% and 13.59% respectively.

State-owned Life Insurance Corporation of India (LIC) has acquired equity shares amounting to Rs 1,069 crore in the IT heavyweight Infosys during the quarter ended June 2013. LIC, the biggest domestic institutional investor in the equity market, held 5.96 per cent stake in Infosys in the Q4 FY13, which has now gone up to 6.72 per cent as of June 30.

However, foreign institutional investors (FIIs) trimmed their exposure in the company by almost a percent to 39.55 percent in the Q1FY14. The overseas investors held 40.52 per cent stake during the January-March quarter.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323