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Infosys rises nearly 1% on short covering

By Religare

Shares of Infosys Ltd rose nearly 1 per cent on Bombay Stock Exchange (BSE) on short covering in derivatives. The company on Thursday announced services in design thinking, platforms and knowledge-based IT. New strategy is likely to give themes of more automation, focus on better margins and new revenue streams, said global investment bank Morgan Stanley.

Reacting to the news, shares of the company gained 0.93 per cent to Rs 1148.75 a piece on BSE.


In a similar trend, shares of the company surged 1.30 per cent to Rs 1149.35 a piece on National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 27,242.89, down 364.93 points, or 1.32 per cent at 11.30 hours.

Story first published: Friday, August 21, 2015, 12:20 [IST]
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