By Administrator_ India
Like its peer Tata Consultancy Services , Infosys, too, is expected to report a strong set of numbers for the quarter ended September 30 of the current fiscal year (Q2FY21), mainly led by the ramp-up of large deal wins. According to Edelweiss Securities, Infosys, being a market leader, will be the key beneficiary of core transformation, higher cloud adoption, and digital adoption. Moreover, the persistent market share loss of key players like Capgemini and Cognizant will also directly benefit Infosys, the brokerage says. The company is expected to unveil its results on Wednesday, October 14.
Shares of Infosys hit a fresh record high of Rs 1,147.65 on the BSE on Tuesday. During the July-September period, the stock rallied 37 per cent as against 34.2 per cent rise in the S&P BSE Information Technology index. The benchmark S&P BSE Sensex, on the other hand, gained 9 per cent during the quarter, ACE Equity data show.