Infosys shares jump over 7 pc after December quarter earnings; mcap climbs Rs 42,821 cr

Shares of Infosys jumped over 7 per cent in early trade on Friday, adding Rs 42,821.36 crore to its market valuation, after the company’s December quarter earnings came in-line with market expectations.

The stock rallied 7.15 per cent to Rs 1,604.90 on the BSE after a firm beginning.

At the NSE, it climbed 7.14 per cent to Rs 1,601.

The market capitalisation (mcap) of the IT services firm jumped Rs 42,821.36 crore to Rs 6,63,303.78 crore in early trade.

In the equity market, the 30-share BSE Sensex traded with a jump of 557.53 points at 72,278.71, and the Nifty climbed 158.80 points to 21,806.70.

The company’s earnings came in post market hours on Thursday.

The country’s second-largest IT services firm Infosys on Thursday reported a 7.3 per cent fall in net profit in the December quarter on sluggish demand from clients and cut its annual sales forecast.

The company posted a net profit (attributable to shareholders) of Rs 6,106 crore compared to Rs 6,586 crore in the year-ago period, Infosys said in a regulatory filing.

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