L&T Infotech’s second-quarter earnings and margin growth overwhelms trade analysts

Larsen & Toubro Infotech

Good dealings have mirrored positive results for Larsen & Toubro Infotech Limited (LTI) in the 2nd Quarter. In terms of constant currency, the earnings of the firm have swelled by 2.3% sequentially. The rise in the revenue was well par of what the Street had estimated. The stocks of the IT-firm sustained its growth by rising 4.5% in spite of a steep run-up of 77% this year. The overall rise of most IT-service based companies was factored by the banking and finance vertical, as the banking and finance sector saw…

Read More

Infosys becomes 5th Indian firm to hit ₹5 trillion in market capitalization

INfosys

On Thursday, Infosys crossed the mark of ₹5 trillion in market capitalization. With the stocks jumping up to 61% this year, Infosys became the 5th Indian firm and only the second IT firm to achieve this milestone. Today on the Bombay Stock Exchange (BSE), the stocks of Infosys reached a record high at ₹1,185 per share. The share price rose 4.3% from its previous jump, resulting in breaching of the golden ₹5 trillion marks of its market cap. The company’s overall growth in the September quarter is deemed as better-than-expected.…

Read More

Infosys takes over US-based digital service provider Blue Acorn iCi

Infosys

On Thursday, Infosys Ltd publicized an agreement to take over US-based Blue Acorn iCi for around $125 million. Blue Acorn iCi is a digital customer experience, commerce, and analytics solutions provider. In 2019, Blue Acorn iCi generated $43.6 million revenue and the Infosys acquisition is expected to close during the third quarter of 2021, as per reports. A statement issued by Infosys stated that this move will strengthen the company’s end-to-end customer experience and depicts the company’s efforts towards sustained commitment to transform and navigate clients’ digital journeys. Through merging…

Read More

Sensex goes higher 399 points to close at 37,419

BSE

it has been a succession of good days for the Indian markets as Equity indices finished higher for the fourth session straight on Monday. The benchmark being BSE Sensex rising almost 400 points which were led by gains in the IT and financial stocks.  BSE Sensex and BSE Nifty Sensex closed on 399 points or 1.08 per cent higher at 37,419. On the other hand, the broader NSE Nifty soared 120 points or 1.11 per cent to finally close at 11,022.  The top players in this surge include key companies…

Read More