Shares of Infosys rose over 2 per cent on the Bombay Stock Exchange (BSE) after the company secured a three-year contract to develop and maintain all global web-based properties of not for profit enterprise TOMS Shoes for an undisclosed sum. The move is aimed at helping TOMS, which has a model of gifting one pair of shoes to needy children for every one purchased by customers. TOMS has gifted 45 million shoes to children since 2006, in streamlining the management of its web-based properties in order to lower support and development costs.
Reacting to the news, shares of company surged 2.44 per cent in intra-day trade to Rs. 1131.65 a piece on BSE.
In a similar trend, shares of the company gained 2.56 per cent to Rs 1132.90 a piece on National Stock Exchange.
Meanwhile, the broader benchmark BSE Sensex was trading at 26,261.98, up 69 points, or 0.26 per cent, at 11:13 hours.