Infosys Ltd share price surges to all-time high in wake of positive quarterly result

Jan 13 2014, 13:29 IST
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Infosys share price was also powered immediately on Monday by brokerages raising their 12-month target price. (AP) Infosys share price was also powered immediately on Monday by brokerages raising their 12-month target price. (AP)
SummaryInfosys raised revenue growth forecast 11.5-12 pct for fiscal, powering share price.

Infosys Ltd share price jumped to an all-time high on Monday, rising over 3 per cent, after the company had revealed its quarterly results and upped its guidance.

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With NR Narayana Murthy at helm now and the company doing better-than-expected, shares were much in demand. The share price was logged at over Rs 3,660.

The share price was also powered immediately on Monday by brokerages raising their 12-month target price.

Infosys had raised revenue growth forecast 11.5-12 pct for fiscal.

Also Read: Infosys Q3 results: Profit rises 21.35 pct to Rs 2,875 crore, beats estimates

While Infosys share price is trading at 3669.60, up 3.33 pct, those of other IT companies too soared with Tata Consultancy Services (TCS) trading at 2339.50, up 2.57 pct and HCL Technologies at 1327.35, up 2.25 pct.

BSE Sensex itself was up 21020.79, rising as much as 262.30 pts and the NSE Nifty was up at 6238.65, a jump of 67.20.

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