Shares of the Infosys surged more than 3% on Monday after JP Morgan, Barclays Capital upgraded the stock to overweight as per Reuters report.
CLSA also upgraded Infosys to "outperform" from "under-perform".
Infosys shares were seen trading at Rs 2818, higher by 3.90% on BSE at 10.35 am IST. It touched an intraday high of Rs 2835.
The stock had rallied almost 17% in one day on Friday last week after the company reported better than expected results. The company reported with profit after tax at Rs 2369 crores for Q3 FY 2013, against consensus estimates of around Rs 2,200 crores.
As per reports, the company on its recent surge had added over USD 4 billion to India's second largest IT major's market capitalization and also reversed its last year's decline.
GoodReturns.in
Notifications
Settings
Clear Notifications
No New Notifications
Notifications
Use the toggle to switch on notifications
Block for 8 hours
Block for 12 hours
Block for 24 hours
Don't block
To start receiving timely alerts, as shown below click on the Green “lock” icon next to the address bar
Click it and Unblock the Notifications
Close X
Close X
To Start receiving timely alerts please follow the below steps:
Click on the Menu icon of the browser, it opens up a list of options.
Click on the “Options ”, it opens up the settings page,
Here click on the “Privacy & Security” options listed on the left hand side of the page.
Scroll down the page to the “Permission” section .
Here click on the “Settings” tab of the Notification option.
A pop up will open with all listed sites, select the option “ALLOW“, for the respective site under the status head to allow the notification.
Once the changes is done, click on the “Save Changes” option to save the changes.
Click it and Unblock the Notifications
Sign in with Google