Shares of information technology companies, Infosys,
, L&T Infotech, and rose as much as 5% in Friday’s trade. was among the top gainers as the stock rallied 5.23% to Rs 1,494.
All Nifty IT stocks were in the green zone today. While on the year-to-date basis, Nifty IT index remained the worst performer among the major Nifty sectoral indices, as it has fallen over 27%.
Infosys on Thursday reported a 23.4% YoY jump in consolidated revenue for the quarter ended September to Rs 36,538 crore. The net profit of the company rose 11% to Rs 6,021 crore.
Both the topline and the bottom line of Infosys were above the ET Now poll of Rs 36,520 crore and Rs. 5,860 crore, respectively.
on Wednesday reported a 5.2% sequential rise in consolidated revenue for the September quarter to Rs 24,686 crores. The consolidated net profit was up 6.3% at Rs 3,489 crore.
Both the revenue and profit of HCL Tech were above analysts’ average estimate of 24,382 crore and 3,418 crore, respectively. Further, the board of directors have approved a dividend of Rs 10 per share.
At 12.57 pm, Infosys was trading 4.69% higher to Rs 1,486.35 while HCL Tech was trading 2.18% higher to Rs 1,003.50.