Infosys surges on inking contract with Toyota Motor Europe

03 Oct 2013

Infosys is currently trading at Rs. 3034.20, up by 19.50 points or 0.65% from its previous closing of Rs. 3014.70 on the BSE.

The scrip opened at Rs. 3020.00 and has touched a high and low of Rs. 3041.00 and Rs. 3020.00 respectively. So far 74,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3172.70 on 11-Sep-2013 and a 52 week low of Rs. 2190.00 on 29-Apr-2013.

Last one week high and low of the scrip stood at Rs. 3054.10 and Rs. 2991.20 respectively. The current market cap of the company is Rs. 1, 74,234 crore.

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

Infosys, a global leader in consulting, technology and outsourcing solutions, has signed a contract with Toyota Motor Europe for the provision of its Pan-European application support. The four-year engagement will see Infosys deploy a managed service model, covering applications across a variety of Toyota's operational areas in Europe, including core automotive processes (such as supply chain, manufacturing, sales, after sales and customer service) and corporate functions (including human resources and finance). This will enable Toyota's IT employees to focus on business support and project development, in addition to supporting cost optimization.

Prior to this agreement, Infosys has been a key partner of Toyota Motor Europe for projects and transformation delivery services in various initiatives such as its Pan-European IT landscape transformation and connected car.

Infosys is a global leader in business consulting and technology solutions. As a proven partner focused on building tomorrow’s enterprise, Infosys enables clients in more than 30 countries to outperform the competition and stay ahead of the innovation curve.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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